Labour needs a stint in opposition. When Felipe Gonzalez insisted on running yet again in 1996 I abstained in protest (much to my chagrin as it would have been the first national election I would have been eligible to vote in).

I recently read something about the Tories slipping to 3rd place in many urban constituencies, which means labour is more likely to lose seats to the LibDems more than to the Tories... the best outcome is a hung parliament with a the LibDems as arbiters, which I think is quite likely if they manage to keep their eyes on the ball through the current leadership crisis.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman