Politics

Labour should pray that Theresa May does not call a snap election

Theresa May Jeremy Corbyn
REUTERS /Peter Nicholls / Neil Hall
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The gossip inside Westminster is that Prime Minister Theresa May has staff who are considering whether they ought to call a snap election in 2017, ahead of the scheduled ballot that would normally occur in 2020, Business Insider's Adam Bienkov noted on December 13.

Normally, the Labour party would lick its lips at the chance of getting an early shot at taking down May's government. But right now, Labour is bobbling along with something like 28% of the vote compared to the Tories' 44%. Labour lost its deposit at the Richmond by-election and came fourth in Sleaford. May would win a general election in a landslide.

Labour leader Jeremy Corbyn could expect to emerge with fewer than 200 seats in parliament. With the SNP locking up Scotland and the Liberal Democrats peeling off votes from the 48% of people who voted Remain, and from tactical voters in Tory marginals, Labour would have no obvious way back to government. Labour could face a generation in the wilderness.

So right now the last thing Labour needs is a general election.

That puts the party in the ironic position of having to hope that May will be successful in pushing her agenda through parliament even though she has a technical majority of only 12 seats.

This is the surreal part: Under any other circumstance, an opposition party that is only 12 votes away from voting down a major plank of government policy could expect to force a no-confidence vote, which it might win. That would trigger a winnable general election.

But Labour knows that if that were to happen, May — backed by the 52% of Leave voters who want to her press through on Article 50 — would crush Corbyn at the ballot box and reopen the House of Commons with an even bigger majority.

That is one big reason why Labour has been so lukewarm in opposing May's vague, opaque Brexit plan. It's also one of the reasons Labour is now officially a Leave party even though it campaigned for Remain. If Labour were to join the Liberal Democrats and come out of the closet as a Remainers (as a majority of its MPs actually are), it might accidentally win a vote against the government that would trigger an election that destroys Labour.

So for the next few months, until May really stumbles in the Article 50 negotiations or the economy turns sour, expect Labour to stay out of the Tories' way.

This column does not necessarily reflect the opinion of Insider.

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Jim is the former editor-in-chief of Insider's news division.Previously he was the founding editor of Business Insider UK.He has also been managing editor at Adweek, an advertising columnist at CBS Interactive, and a Knight-Bagehot Fellow at Columbia Business School. His work has appeared in Slate, Salon, The Independent, MTV, The Nation and AOL.His investigative journalism changed the law in the US First Circuit Court of Appeals (U.S. v. Kravetz), the Third Circuit Court of Appeals (North Jersey Media v. Ashcroft), New Jersey (In Re El-Atriss), and New York State (Mosallem v. Berenson).The US Supreme Court cited his work on the death penalty in the concurrence to Baze v. Rees, on the issue of whether lethal injection is cruel or unusual.He won the Neal award for business journalism in 2005 for a series investigating bribes and kickbacks in the advertising business.Here's a selection of his past stories:   • The alleged betrayal in these photos, texts, and emails cost Snapchat $158 million   • Inside the conspiracy that forced Dov Charney out of American Apparel   • The Evolution of Ev: The creator of Twitter, Blogger, and Medium has a plan to fix the mess he made of the internet   • THE "KNOCK-IN SHORT": Nigel Farage and the massive bet against the pound on the night of the Brexit vote   • eBay worked with the FBI to put its top affiliate marketer in prison   • How Dunkin Donuts ended up hiring a psychotic credit card thief as director of communications   • BEJEWELED: The definitive, illustrated history of the most underrated game ever   • The CEO of Publicis told us how he stared down a furious internal rebellion to bet the future of his $11 billion company on artificial intelligence   • FBX: The billion-dollar Facebook business that never happened   • The €150 million check-kiting scam that bankrupted Leo Burnett in Greece   • My Polaroids of the September 11 attacks led me into America's secret court system for terrorist suspects   • YouTube deleted 130 rap videos to help police fight street gangs responsible for thousands of stabbingsDisclosure: I own shares of Twitter (TWTR).