After 15 years of spending cuts and regressive redistribution, the British economy is weaker, investment is still anaemic and living standards are stalled – yet all major parties remain committed to a policy that has repeatedly failed to deliver recovery, says MICHAEL BURKE
The Tories
Labour’s decline, Tory exhaustion and the advance of Reform UK signal the end of stable two-party rule, with British politics entering a volatile new phase, says NICK WRIGHT