Please read the following table in HTML format from a webpage and then answer the question in detail according to the table. Each table cell is defined by a <td> and a </td> tag. Each table row starts with a <tr> and ends with a </tr> tag. 'rowspan=m' and 'colspan=n' represents a cell spaning over 'm' rows and 'n' columns.

Webpage title:
Burnley (UK Parliament constituency)
Table title:
Elections in the 1980s
Table:
<table id='hittask' contenteditable='False'>
<tr> <th colspan=2 rowspan=1 > Party </th><th colspan=1 rowspan=1 > Candidate </th><th colspan=1 rowspan=1 > Votes </th><th colspan=1 rowspan=1 > % </th><th colspan=1 rowspan=1 > ± </th></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td colspan=1 rowspan=1 > Labour </td><td colspan=1 rowspan=1 > Peter Pike </td><td colspan=1 rowspan=1 > 20,178 </td><td colspan=1 rowspan=1 > 39.8 </td><td colspan=1 rowspan=1 > −11.0 </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td class="highlighted"  colspan=1 rowspan=1 > Conservative </td><td class="highlighted"  colspan=1 rowspan=1 > Ian Bruce </td><td colspan=1 rowspan=1 > 19,391 </td><td colspan=1 rowspan=1 > 38.2 </td><td colspan=1 rowspan=1 > +2.8 </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td colspan=1 rowspan=1 > Liberal </td><td colspan=1 rowspan=1 > Michael Steed </td><td colspan=1 rowspan=1 > 11,191 </td><td colspan=1 rowspan=1 > 20.0 </td><td colspan=1 rowspan=1 > +7.2 </td></tr>
<tr> <th colspan=3 rowspan=1 > Majority </th><td class="highlighted"  colspan=1 rowspan=1 > 787 </td><td class="highlighted"  colspan=1 rowspan=1 > 1.6 </td><td colspan=1 rowspan=1 >  </td></tr>
<tr> <th colspan=3 rowspan=1 > Turnout </th><td colspan=1 rowspan=1 > 50,760 </td><td colspan=1 rowspan=1 > 76.3 </td><td colspan=1 rowspan=1 >  </td></tr>
<tr> <td colspan=1 rowspan=1 >  </td><td colspan=2 rowspan=1 > Labour hold </td><th colspan=1 rowspan=1 > Swing </th><td colspan=1 rowspan=1 > −6.9 </td><td colspan=1 rowspan=1 >  </td></tr>
</table>
Question:
Who finished second in the election, what party did he represent, and what was the majority margin of victory by votes and percentage?
Answer:
The second place was achieved by Conservative Party candidate, Ian Bruce, who came 787 votes (1.6%) short of taking the seat.