Since Labour’s triumphant return to power barely a year ago, the party in government has floundered amid a struggling economy, a lack of political vision, and an inability to pass difficult reforms. Unfortunately for Keir Starmer, the situation could yet deteriorate much further. Just look at the implosion of the Labour government in 1931.

Like the Starmer government almost a century later, Labour won the 1929 election on a relatively weak share of the vote. Former prime minister Ramsay MacDonald won 287 seats and just 37.1 per cent of the vote. Last July, Keir Starmer won 33.7 per cent of the vote.

Much like 2024, the 1929 election also occurred when the two-party system was, at least by 20th century standards, unusually weak. Although Labour had just replaced the Liberal party as the

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