So I think that a large number of people voted for Labour at the last election because they felt that the Conservatives over the last 14 years presided over a managed slow economic decline, rising debt and a
slowly declining public services. Or in short things simply got worse over the last 14 years.
A year into the Labour Government a growing number of those Labour voters feel that either Labour are not that different to the Conservatives or that they are still managing a slow economic decline (or arguably a faster decline than under the Tories) and despite much higher government spending they cannot see an improvement in public services. This is leading to a fall for Labour in the opinion polls.
Reform are arguing that "Britain is broken and needs change". Whilst I agree that the current economic situation is indeed broken along with Government finances, I have yet to see any details from Reform on exactly how this "change " will be funded or how it will make an economic difference.
There is a fair chance that Reform could win the 2029 election promising "change ". However their current policies appear to require significant increases in debt, which as Liz Truss quickly found out and Rachel Reeves is finding out is not an option.
In short I don't think that Reform would do a better job than either Labour or the Conservatives, in fact it would most likely make things massively worse.
The question is what do the voters do in the 2034 election after being disillusioned with both the Conservatives and Labour and after Reform has made things a whole lot worse.
It all reminds me of a wonderful quote by Alexander Tyler in the late 1700s:
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship."