The history of the Labour Party since 1997 has been one of successive attempts to persuade the UK business community and UK citizenry that they had moved to the right, where the UK party of business and where as hostile to benefit claimants, teenage single mothers and permissiveness as Thatcherites of old.
Its not 2010 and basically its 1979 over again. A coalition of liberals and conservatives who want to see the NHS and other public services rolled back or wound up with swingeing cuts have been popularly elected by an electorate which once again believe the government has "given too much away" and "weak".
Prior to the election the business community en masse defected to conservative party support, publically signing up to a tax manifesto which would cut in particular national insurance tax rises, attacking this as a "jobs tax" preventing them employing more people in the private sector (that's right the same people who invented down sizing would like to employ more people if the government would only give them a break). This will reduce the amount of people in work, consequently the amount of consumers, possibly even the amount of money those who remain in work have to spend. However, this is not considered short sighted or ignorance of economics but exactly the converse.
A national insurance hike, as opposed to increases in corporation tax, inheritance taxes, top earners income taxes or new regulation of tax exile status would not move the tax burden significantly, it is about as business friendy as it is possible to be during a recession.
So, the various attempts to engender confidence in both the electorate and business have been an epic failure. What direction now for the Labour party? Any predictions?