(Leon Neal/Getty Images)

Though I am old enough to have voted in general elections since 1983, I cannot recall any time when the result of an election seemed so uncertain. I do not, of course, mean that there is much doubt who is going to be prime minister on 5 July. But what happens next?
Pretty much as soon as the first results were announced after the 1983 election, any well-informed person could tell where the country would be by the time of the next election. Large-scale privatisation was promised in the Tory manifesto and, in more general terms, private enterprise was obviously going to get stronger. With the exception of Arthur Scargill, everyone understood that trade unions would be weaker.
But where will Britain be in four years’ time? The next government will come to power staggering under the weight of its self-denying ordinances. Starmer has made more promises about what he will not do — reverse recent tax cuts, abolish the triple lock on pensions — than promises about what he will do. Positive proposals are remarkably vague — “Great British Energy” sounds more like a slogan from a Seventies advertising campaign than a policy.
Partly, of course, the problem lies in the practical constraints that will face the next government. The Covid pandemic and lockdown will make themselves felt for decades more. Just before the election was announced, the compensation scheme for those who were infected by blood transfusions brought the prospect of another £10 billion on the national debt. The fact that Labour has been so far ahead in the opinion polls for the last few years has produced an odd situation: the official opposition — which expects to be in government for several years — has worried about public finances more than the government. Once he had headed off the crisis of crashing bond markets in 2022, Jeramy Hunt has not had to do much except ensure that the government did not actually go bankrupt until it had staggered over the finishing line of electoral defeat — at which point he can arrange lunch with a head-hunter and start talking about how to restore his own finances.
Being in opposition — even when the opposition is heading for defeat — can be fun. Think of Neil Kinnock appearing in a Tracy Ullman pop video or William Hague knocking nine bells out of Tony Blair at PMQs. Starmer and his team look miserable. Not since 1945 has a ministerial team looked so exhausted on the cusp of victory. The desperate concern to avoid mistakes make the shadow cabinet appear as if they are at the end of a marathon egg-and-spoon race rather than sprinting to victory.
What happens after the election will depend, in part, on the scale of a Labour victory. Psephologists insist on the size of the swing that would be required to give Labour an absolute majority. But in a strange way, not getting a majority might be useful for Labour. It would give them a means to escape from the straitjacket that they have squeezed themselves into. A government dependent on the votes of Liberal Democrat or Green MPs would be able to blame policy shifts on other parties. It would, to take the most obviously example, be much easier to take Britain back into the European Single Market if this could be presented as the price that Labour had to pay for Liberal Democrat support.
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