Three Political Truisms All political careers end in failure Enoch Powell It’s the economy, stupid Bill Clinton aide Events, dear boy, events Harold Macmillan Prime ministerial powers - formal Head of the Executive Chair of the Cabinet Quasi Head of State Commander-in-chief Foreign policy leader Parliamentary leader Dissolution Prime ministerial power - informal Chief policy maker Patronage Government spokesperson Limitations on power - formal Parliament Cabinet Party Limitations on power - informal Popular Image Media image Personality Parliamentary majority Party dissent Cabinet dissent Strength of Opposition Stature of predecessor Jim Callaghan Parliamentary majority Party dissent (unions) Media image Wilson’s stature Misuse of dissolution power Legacy of oil price hike Margaret Thatcher Internal dissent Media image Length of tenure External events John Major Stature of predecessor Parliamentary majority Party dissent Cabinet dissent Media image Personality Economic events Strength of Opposition Tony Blair Internal dissent One big event Parliamentary majority Lords and judicial activism Gordon Brown Stature of predecessor Personality Media image Misuse of dissolution Events – in spades Strength of Opposition Parliamentary majority Lessons from Prime Ministers’ experience - 1 10 years and that’s it Thatcher, Blair, Brown Pareto’s revolving elites Patronage Media Lessons from Prime Ministers’ experience - 2 External events are increasingly influential It’s not the events, it’s how you are perceived to be handling them Lessons from Prime Ministers’ experience - 3 It’s not just the economy stupid Major 1992, Major 1997 Brown – memories are short We’re doomed, Cap’n Mainwaring, we’re all doomed.