What happened to the Labour Party?
W.G. Runciman: The difference between then and now, 22 June 2006
“... As both the expectations which voters now had of the Welfare State and the costs of meeting them rose in parallel, so did their unwillingness to have it funded out of their own pockets. Soaking the rich was not a sufficient answer; punitive levels of tax at the upper end of the distribution of incomes, even if they could be effectively applied, were not ... ”