David Cameron is in a bind. The Thatcherite economic model he and his party have been pushing for years has been exposed as inadequate, but his base is unlikely to accept a significant change in approach. Unless he can find a solution to this problem, Ross McKibbin argues, he risks either losing the next election or leading a government even more unsuccessful than the present one.

Gordon Brown is New Labour to the core, writes a despairing Ross McKibbin.

The merging neoliberal consensus of Labour and the Tories.