dem danny alexander could be given a peerage in a bid to keep him in his treasury post in a second coalition .
but one plan said to be under consideration by the party , is to keep the 42-year-old mp inverness mp as chief secretary to the treasury by giving him a lifetime sinecure in the house of lords .
other party stalwarts likely to be ennobled after the election are former leaders charles kennedy who may lose his seat of ross , skye and lochaber .