British Prime Minister Gordon Brown and his Conservative rival David Cameron both offered to form an alliance with the minority Liberal Democrats Friday as they jostled for power after an election that failed to create an outright winner.

The center-right Conservatives won more seats than Brown's Labour party in Thursday's fiercely-contested vote but lacked the majority needed to form an effective government -- a rare outcome in British politics.

Cameron emphasized areas where his party and the Liberal Democrats agreed, including education reform and scrapping plans for national ID cards, while drawing red lines on defense and the economy.

He was much vaguer on the Liberal Democrats' greatest ambition -- electoral reform -- that would probably give them more seats in parliament.

Cameron said: "The best thing for Britain now is a new government that works together in that national interest," adding that the country needed "a strong, stable government that lasts."

Brown said Friday he would be willing to negotiate with any party leader, but said that Cameron and Liberal leader Nick Clegg were "entitled to take as much time as they feel necessary" to forge a coalition.

"Should the discussions between Mr. Cameron and Mr. Clegg come to nothing then I would of course be prepared to discuss with Mr. Clegg the areas where there may be some measure of agreement between our two parties," he said.

What happens next?

Aware of the uncertainty in the UK financial markets about the outcome of the election and how any future government will tackle the country's budget deficit, both Brown and Cameron pledged to work in the "national interest."

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