Web Only: the best of the blogs

The five must-read posts from today, on the election outcome, regulation and Conservative loyalty.

1. Is a narrow Tory victory the worst possible result?

Over at Liberal Conspiracy, Stephen Tall argues that a small Tory victory would be the worst possible election result. A narrow majority would leave David Cameron beholden to a handful of Ulster Unionists and right-wing backbenchers.

2. Mutual suspicion

Labour ministers must not use mutuals as an excuse to pass the buck on tough spending decisions, says Luke Akehurst.

3. What'll this do to the final week of the campaign?

Mike Smithson of PoliticalBetting wonders whether today's headlines might add to the "hung parliament paradox" -- the more likely it seems, the less likely it is to happen.

4. Deregulation won't solve the jobs crisis

At Left Foot Forward, Nicola Smith challenges the neoliberal myth that regulation impedes economic growth.

5. Loyalty to what? The rise of Comrade Cam-il-Sung, the modernising centraliser

Peter Hitchens responds to criticism from Tim Montgomerie of ConservativeHome, who recently blasted Hitchens and other conservative commentators for being insufficiently loyal to David Cameron.

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Voters are turning against Brexit but the Lib Dems aren't benefiting

Labour's pro-Brexit stance is not preventing it from winning the support of Remainers. Will that change?

More than a year after the UK voted for Brexit, there has been little sign of buyer's remorse. The public, including around a third of Remainers, are largely of the view that the government should "get on with it".

But as real wages are squeezed (owing to the Brexit-linked inflationary spike) there are tentative signs that the mood is changing. In the event of a second referendum, an Opinium/Observer poll found, 47 per cent would vote Remain, compared to 44 per cent for Leave. Support for a repeat vote is also increasing. Forty one per cent of the public now favour a second referendum (with 48 per cent opposed), compared to 33 per cent last December. 

The Liberal Democrats have made halting Brexit their raison d'être. But as public opinion turns, there is no sign they are benefiting. Since the election, Vince Cable's party has yet to exceed single figures in the polls, scoring a lowly 6 per cent in the Opinium survey (down from 7.4 per cent at the election). 

What accounts for this disparity? After their near-extinction in 2015, the Lib Dems remain either toxic or irrelevant to many voters. Labour, by contrast, despite its pro-Brexit stance, has hoovered up Remainers (55 per cent back Jeremy Corbyn's party). 

In some cases, this reflects voters' other priorities. Remainers are prepared to support Labour on account of the party's stances on austerity, housing and education. Corbyn, meanwhile, is a eurosceptic whose internationalism and pro-migration reputation endear him to EU supporters. Other Remainers rewarded Labour MPs who voted against Article 50, rebelling against the leadership's stance. 

But the trend also partly reflects ignorance. By saying little on the subject of Brexit, Corbyn and Labour allowed Remainers to assume the best. Though there is little evidence that voters will abandon Corbyn over his EU stance, the potential exists.

For this reason, the proposal of a new party will continue to recur. By challenging Labour over Brexit, without the toxicity of Lib Dems, it would sharpen the choice before voters. Though it would not win an election, a new party could force Corbyn to soften his stance on Brexit or to offer a second referendum (mirroring Ukip's effect on the Conservatives).

The greatest problem for the project is that it lacks support where it counts: among MPs. For reasons of tribalism and strategy, there is no emergent "Gang of Four" ready to helm a new party. In the absence of a new convulsion, the UK may turn against Brexit without the anti-Brexiteers benefiting. 

George Eaton is political editor of the New Statesman.