00:00What do you make of this year?
00:01I think it's been an absolutely disastrous year for the Labour government.
00:05In fact, it's the worst ever first year for any government, I think.
00:08We think Margaret Thatcher didn't have a great start, did she?
00:10Well, no, she didn't have a great start, but frankly, she pushed through massive reforms as soon as she was elected in 1979.
00:15The first budget was wonderful. You know, there was a lot of change.
00:18Labour are failing disastrously, right? They are unravelling completely.
00:22They have no agenda. They are collapsing the polls.
00:24And now you suddenly have the emergence of this new left-wing party, which I think is going to change politics forever in this country.
00:31How do you think it is going to, how much do you think it is going to damage Labour?
00:34I think massively, because for the first time ever, there's going to be a party to the left of Labour.
00:38And we live in very febrile times. There's quite a large constituency in this country, maybe 15, maybe 20 percent of the public who are very left-wing.
00:45You know, there's this fusion of extreme environmentalism, of support for Gaza, of support for much higher taxes, you know, socialism,
00:53socialism, environmentalism, it all comes together.
00:56We have had Jeremy Corbyn before leading the party, and he wasn't popular, didn't work, so he was got rid of.
01:01So do you think things have changed?
01:03Well, no, because you see, there's no market for Jeremy Corbyn leading a major censor left party on 40 percent of the vote trying to win an election.
01:11I think there's a big market for a 15 percent, 20 percent of the public hard-left party that's not trying to win, that's just trying to mop up MPs, that's a protest party, that's a very pure ideological party.
01:25You know, we live in a world where many people, you know, where for them politics has become a new religion, a substitute to religion, and that party will mop up a lot of these people.
01:34You said during the break just now that you think this could finish Labour off.
01:38Yes, I think this could potentially, possibly, you know, be the last Labour government because everything's changing, right?
01:45You've got reform, which is currently leading in the polls, which would easily be the largest party at the moment.
01:49The Conservative Party are in crisis because they now have a party to their right.
01:54But you see, the mirror parallel image is obvious here.
01:57Labour for the first time have a party to their left, and that is how things are changing.
02:01We're moving to a European-style political system latched on to the first party.
02:05So potentially both main parties could be finished, we could...
02:07Well, I mean, that is a possibility, yes.
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