Liberal Tory pact inane; absolutely no way (3,2,3,5)

I believe the answer is:

not at any price

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'absolutely no way' is the definition.
I don't know anything about this answer so I cannot tell whether this works.

'liberal tory pact inane' is the wordplay.
'liberal' indicates an anagram.
'tory'+'pact'+'inane'='torypactinane'
'torypactinane' with letters rearranged gives 'NOT AT ANY PRICE'.

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I've seen this clue in The Independent.

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