General elections are rarely one-off events. It’s very unusual, at least in the UK, to see a political party which is trounced at one election bounce back in just one term. It can happen, but 1970 and 1997 are exceptions that prove the rule. After a heavy defeat, it normally takes the losing party one or two more goes to overhaul the winner.
The best-case scenario is that May calls a contest in 2017. This would mean another election in 2022, which would give Labour the chance to regain power in 2027. The only thing which is likely to change the odds is if Brexit proves to be an economic catastrophe and/or moderate Labour MPs form a successful new centre party. Neither is beyond the bounds of possibility. But don’t bet on either of them happening just yet.
Originally published at http://www.cityam.com/245328/labour-party-complete-turmoil-does-have-any-chance