
By R._H._Tawney.jpg: Library of the London School of Economics and Political Sciencederivative work: nagualdesign (talk) - This file was derived from R. H. Tawney.jpg:, Public Domain
In 1932 R.H. Tawney set out to describe the choice before Labour. The party was in a shambles. A minority government led by Ramsay Macdonald had collapsed under the impact of the slump in 1931. Macdonald now led a national government that included Liberals and Conservatives as well as ‘National Labour’ Members of Parliament. The Labour party itself was reduced from 287 MPs in 1929 to only 46. It was an electoral catastrophe from which Labour would not recover until 1945.