Initial Reactions
The BBC is projecting a 7% rise in Tory vote. Labour has spent the day lowering their expectations and then ramping up those of the Tories. Like with the SNP in 2007, Labour are universally rubbish at playing the expectations game. The Tories will sleep well tonight, whatever happens in London. Nationally, they appear very seriously set for General Election victory. Say what you will about the Conservatives, this has been a very good night for them. There is much to encourage the Tories.
UPDATE: 02-05-08, 20.00
The following graphic comes from Martin Bright, showing how the results would be received. It truly is a bad night for Labour - a loss well into the “panic” zone. Much champagne for the Tories. The LibDems will spin it as best as they can, but surely their results will, upon inspection, be received in a decidedly lukewarm fashion.
