London, England (CNN) -- The United Kingdom spent a second day suspended in uncertainty Saturday as leading politicians met to resolve a national election that failed to yield an outright winner.





Liberal Democrat leader Nick Clegg, whose party came in third after Thursday's voting, held meetings with fellow party members Saturday to discuss a possible deal with either of the two largest parties, Labour and the Conservatives.





Clegg also met with Conservative leader David Cameron Saturday night, local media reported, while a broader meeting between Liberal Democrats and the Conservative Party is scheduled for Sunday morning, a Liberal Democrat spokeswoman told CNN.





During a break in the talks with his own party, Clegg addressed hundreds of protesters in London who were demonstrating in favor of proportional representation, a system supported by the Liberal Democrats.





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The Lib Dems say the current electoral system is unfair and leaves them under-represented in Parliament. They say the number of seats they have in the House of Commons fails to reflect the number of votes they won across the country, and they believe each party's allocation of seats should reflect the percentage of the national vote they get.





For example, the Conservatives got 36 percent of the vote and 306 of the 650 seats in Parliament. Under proportional representation, they would have gotten 234 seats. The Lib Dems got 23 percent of the popular vote but won only 57 seats. Proportional representation would have given them about 150 seats.





"I never thought I'd see Londoners protesting for proportional representation," Clegg said. "Take it from me, reforming politics is one of the reasons I went into politics. I campaigned for a better, more open, more transparent new politics every single day of this general election campaign.





"I genuinely believe it is in the national interest, it is in the interest of everybody in Great Britain, to use this opportunity to usher in a new politics."





Before he went into the meeting with members of his party Saturday morning, Clegg said "politicians have a duty to speak to each other."





"People deserve a good, stable government, and that's why I'm very keen that the Liberal Democrats should enter into any discussions with other parties, as we're doing, in a constructive spirit," he explained.





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The Liberal Democrats planned to meet with the Conservative Party at 11 a.m. (6 a.m. ET) Sunday, according to a Liberal Democrat spokeswoman.





When asked, a spokeswoman for the Conservative Party declined to give a timeframe for a possible deal.





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British Prime Minister Gordon Brown, who leads the Labour Party, and the Conservatives' Cameron both offered on Friday to form an alliance with the Liberal Democrats as they jostled for power after the election in which the Conservatives gained the most seats in the House of Commons.





Clegg told reporters Saturday morning that he remained focused on four priorities as he discussed the idea of a deal with another party: tax reform, education reform, a "new approach" to the economy, and "fundamental political reform."





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"It's precisely those four changes which will guide us in the talks ahead," Clegg said.





In an e-mail to Conservative supporters on Saturday, Cameron made a case for the party to work with the Liberal Democrats.





"I ... believe there are many areas of common ground between us and the Liberal Democrats -- such as the need for education reform, building a low-carbon economy, reforming our political system, decentralizing power, protecting civil liberties and scrapping ID cards," Cameron wrote.





It's unclear how far Cameron will go on the Liberal Democrats' main priority, electoral reform. But he said in his e-mail that he is willing to compromise on some issues.





"There are also areas where I believe we in the Conservative Party can give ground," he wrote, "both in the national interest and in the interests of forging an open and trusting
What resulted in hung parliment? When do Liberal Democrats plan to meet with the Conservative Party? What do the Liberal Democrats plan on doing? What did Nick Clegg say? What is happening on Sunday? What happened in the election?
national election Saturday to meet with the Conservative Party "I never thought I'd see Londoners protesting for proportional representation," meeting between Liberal Democrats and the Conservative Party is scheduled failed to yield an outright winner.
question: What resulted in hung parliment?, answer: national election | question: When do Liberal Democrats plan to meet with the Conservative Party?, answer: Saturday | question: What do the Liberal Democrats plan on doing?, answer: to meet with the Conservative Party | question: What did Nick Clegg say?, answer: "I never thought I'd see Londoners protesting for proportional representation," | question: What is happening on Sunday?, answer: meeting between Liberal Democrats and the Conservative Party is scheduled | question: What happened in the election?, answer: failed to yield an outright winner.