
Manchester, 2008. With the financial edifices of Wall Street and the City of London tumbling like dominoes, the Labour Party faithful have gathered at the annual New Statesman conference reception at to soak away their panic. In the grand, high-ceilinged ballroom of the town hall, the old neoliberal certainties are dissipating like chill vapour: the one question on everyone’s lips is whether David Miliband, a man who ideologically and personally resembles the banana-grasping voodoo corpse of Blairism left to rot in a pool of inertia for two years, will make a bid for the leadership and reanimate the only model of electoral success the left has known in the past generation.