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Tories Are Optimistic Again — For Good Reason: Adrian Wooldridge

<!DOCTYPE html> <html lang="en"> <head> <script async src="https://news-cdn.bindg.com/indg/assets/news/scripts/google-tag-manager.js" nonce="gtm" ></script> <link rel="preconnect" href="https://fonts.googleapis.com"> <link rel="preconnect" href="https://fonts.gstatic.com" crossorigin> <link rel="preconnect" href="https://assets.bwbx.io"> <link rel="stylesheet" href="https://assets.bwbx.io/font-service/css/AvenirNextMForBBG:400,400i,600,600i,700,700i%7COpenSans:400,400i,600,600i,700,700i/styled-font-face.css"> <link rel="stylesheet" href="https://fonts.googleapis.com/css2?family=Roboto+Slab:wght@400;700&display=swap"> <link rel="icon" type="image/ico" href="/favicon.ico"> <meta name="robots" content="all"> <meta name="viewport" content="viewport-fit=cover"> <meta charset="UTF-8"> <meta name="mobile-web-app-capable" content="yes"> <meta name="viewport" content="width=device-width, initial-scale=1, user-scalable=yes"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="twitter:dnt" content="on"> <meta name="twitter:widgets:csp" content="on"> <meta name="app" content="vite"> <title>Tories Are Optimistic Again — For Good Reason: Adrian Wooldridge</title> <meta data-vue-meta="1" property="og:title" content="Tories Are Optimistic Again — For Good Reason: Adrian Wooldridge"> <meta data-vue-meta="1" property="og:type" content="article"> <meta data-vue-meta="1" property="og:description" content="A landslide victory like the one Labour achieved in the UK on July 4 usually means two things: that the winning party stays in power for three or more terms, and that the losing party goes through an age in the wilderness."> <meta data-vue-meta="1" property="og:url" content="https://news.bloombergtax.com/tax-insights-and-commentary/tories-are-optimistic-again-for-good-reason-adrian-wooldridge"> <meta data-vue-meta="1" property="twitter:card" content="summary_large_image"> <meta data-vue-meta="1" property="twitter:site" content="@tax"> <meta data-vue-meta="1" property="twitter:title" content="Tories Are Optimistic Again — For Good Reason: Adrian Wooldridge"> <meta data-vue-meta="1" property="twitter:description" content="A landslide victory like the one Labour achieved in the UK on July 4 usually means two things: that the winning party stays in power for three or more terms, and that the losing party goes through an age in the wilderness."> <meta data-vue-meta="1" name="description" content="A landslide victory like the one Labour achieved in the UK on July 4 usually means two things: that the winning party stays in power for three or more terms, and that the losing party goes through an age in the wilderness."> <meta data-vue-meta="1" property="og:image" content="https://news-cdn.bindg.com/indg/assets/news/images/Fallback-image.webp"> <meta data-vue-meta="1" property="twitter:image" content="https://news-cdn.bindg.com/indg/assets/news/images/Fallback-image.webp"> <link rel="stylesheet" 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data-test="twitter-icon" title="Share on X" class="TwitterButton_twitterIcon_1B2M2"></a></div></div></div></div><div data-test="article-main-content" class="StandardArticle_mainContent_1B2M2"><div class="StandardArticle_dates_1B2M2"><span>Nov. 22, 2024, 5:00 AM UTC</span><!----><!----></div><header class="StandardArticle_header_1B2M2"><h1 data-test="article-headline" class="StandardArticle_headline_1B2M2">Tories Are Optimistic Again — For Good Reason: Adrian Wooldridge</h1><div class="StandardArticle_byline_1B2M2"><p>By <bsp.bb.link state="{&quot;bbHref&quot;:&quot;bbg://people/profile/7503717&quot;,&quot;_id&quot;:&quot;00000193-523e-dab6-a5d3-f27ed3cd0000&quot;,&quot;_type&quot;:&quot;0000016b-944a-dc2b-ab6b-d57ba1cc0000&quot;}">Adrian Wooldridge</bsp.bb.link></p></div><!----></header><div class="StandardArticle_contributors_1B2M2"><div class="TheArticlePersonCard_card_1B2M2"><div class="TheArticlePersonCard_avatarAndInfo_1B2M2"><!----><div class="TheArticlePersonCard_info_1B2M2"><div data-test="writers-name" class="TheArticlePersonCard_name_1B2M2"> Adrian Wooldridge </div><div class="TheArticlePersonCard_position_1B2M2"></div></div></div><div class="TheArticlePersonCard_social_1B2M2"><a href="mailto:awooldridge5@bloomberg.net" class="TheArticlePersonCard_socialLink_1B2M2"><img src="https://news-cdn.bindg.com/indg/assets/icons/icon-email.svg" data-test="contributor-email-icon" title="Email Adrian Wooldridge"></a><!----></div></div></div></div><div data-test="article-page-body" class="StandardArticle_articlePageBody_1B2M2"><!----><article data-test="article-body" class="StandardArticle_articleCTA_1B2M2"><!----><div><div productCode="DTNW"><div data-test="article-text" class="QvNnGjy8J7gi ArticleBody_fullArticle_1B2M2"><div><p>A landslide victory like the one Labour achieved in the UK on July 4 usually means two things: that the winning party stays in power for three or more terms, and that the losing party goes through an age in the wilderness.</p><p>The Tories ruled for four terms after Margaret Thatcher’s victory in 1979, and Labour for three after Tony Blair’s landslide in 1997. In each case, the opposition parties chose caricature candidates — Michael Foot and Iain Duncan Smith — before embarking on the arduous work of making themselves electable again.</p><p> This time around things feel different. 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