Eastleigh shows why the Tories will struggle to avoid defeat in 2015

If the Lib Dems benefit from an incumbency factor and UKIP splits the right-wing vote, the Tories will be the big losers.

Nigel Farage is crowing about the Conservatives "splitting the UKIP vote", while the Lib Dems brag, "if the Tories can't beat us now, when can they?" Last night was not a good one for David Cameron. One should always be wary of extrapolating from by-elections, which are a famously poor predictor of general elections, but with this proviso, there are two reasons why Eastleigh bodes ill for the Tories' prospects of victory.

The first is that it suggests the Lib Dems will benefit from an incumbency factor in 2015. In those seats where the party is well organised and where it can appeal for tactical votes from Labour supporters, it can still win. This is largely a problem for the Tories, who are in second place in 38 of the Lib Dems' 57 seats, and whose hopes of a majority rest on taking as many as 20 seats off Clegg's party. Eastleigh suggests it will be much harder to dislodge "the yellow bastards" (as the Tories affectionately refer to their coalition partners) than they hoped.

To add to the Tories' woes, the likely collapse in the Lib Dem vote elsewhere will work to Labour's advantage in Conservative-Labour marginals, as Corby demonstrated. If this patten is repeated at the general election, the Tories stand to lose dozens of seats - there are 37 Con-Lab marginals where the third place Lib Dem vote is more than twice the margin of victory.

The second reason why Eastleigh is so troubling for the Tories is that it shows the UKIP problem hasn't gone away. Those who predicted that Cameron's promise of an in/out EU referendum would do little to dilute the appeal of the "none of the above" party were right to do so. UKIP may yet fail to win a single seat at the next general election but it will almost certainly improve on the 3.1 per cent of the vote it attracted in 2010. Again, this is primarily a problem for the Tories, whose voters still account for a greater share of UKIP support than the Lib Dems' or Labour's. At the last election, there were 21 seats in which the UKIP vote exceeded the Labour majority. The prospect of a surge in this number is the main reason why some Conservatives are already urging Cameron to look again at the possibility of a Tory-UKIP pact, an option flatly dismissed by Michael Gove on the Today programme this morning.

Weary of the shackles of coalition, Tory MPs are desperate for evidence that they can achieve the majority that eluded them in 2010. But the resilience of the Lib Dems and the continuing division of the right means the Tories' chances of outright victory are looking slimmer than ever today.

David Cameron with the Conservative Eastleigh by-election candidate Maria Hutchings. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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Donald Trump vs Barack Obama: How the inauguration speeches compared

We compared the two presidents on trade, foreign affairs and climate change – so you (really, really) don't have to.

After watching Donald Trump's inaugural address, what better way to get rid of the last few dregs of hope than by comparing what he said with Barack Obama's address from 2009? 

Both thanked the previous President, with Trump calling the Obamas "magnificent", and pledged to reform Washington, but the comparison ended there. 

Here is what each of them said: 

On American jobs

Obama:

The state of our economy calls for action, bold and swift.  And we will act, not only to create new jobs, but to lay a new foundation for growth.  We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.  We'll restore science to its rightful place, and wield technology's wonders to raise health care's quality and lower its cost.  We will harness the sun and the winds and the soil to fuel our cars and run our factories.  And we will transform our schools and colleges and universities to meet the demands of a new age.

Trump:

For many decades we've enriched foreign industry at the expense of American industry, subsidized the armies of other countries while allowing for the very sad depletion of our military.

One by one, the factories shuttered and left our shores with not even a thought about the millions and millions of American workers that were left behind.

Obama had a plan for growth. Trump just blames the rest of the world...

On global warming

Obama:

With old friends and former foes, we'll work tirelessly to lessen the nuclear threat, and roll back the specter of a warming planet.

Trump:

On the Middle East:

Obama:

To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect. To those leaders around the globe who seek to sow conflict, or blame their society's ills on the West, know that your people will judge you on what you can build, not what you destroy. 

Trump:

We will re-enforce old alliances and form new ones and unite the civilized world against radical Islamic terrorism, which we will eradicate completely from the face of the earth.

On “greatness”

Obama:

In reaffirming the greatness of our nation we understand that greatness is never a given. It must be earned.

Trump:

America will start winning again, winning like never before.

 

On trade

Obama:

This is the journey we continue today.  We remain the most prosperous, powerful nation on Earth.  Our workers are no less productive than when this crisis began.  Our minds are no less inventive, our goods and services no less needed than they were last week, or last month, or last year.  Our capacity remains undiminished.  

Trump:

We must protect our borders from the ravages of other countries making our product, stealing our companies and destroying our jobs.

Protection will lead to great prosperity and strength. I will fight for you with every breath in my body, and I will never ever let you down.

Stephanie Boland is digital assistant at the New Statesman. She tweets at @stephanieboland