Philip Collins, chef för ledarredaktionen på The Times, sammanfattar lärdomarna av det brittiska valet:
If you scare business you frighten the people who work for businesses. If you make it plain that you relish high taxation, do not be surprised if people look elsewhere. Tony Blair used to win big majorities. He always maintained that this is, in its heart, a conservative country.
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Mr Miliband drew the conclusion that the 2008 banking crisis marked a new period in politics, which sanctioned a more left-of-centre approach. He convinced himself, as people in politics so often do, that the world had spun in his direction. Suddenly, by some strange alchemy and a happy coincidence, the world had become hospitable to the fight over inequality that is Mr Miliband’s animating passion. “This election”, said Sadiq Khan, the Labour shadow minister, “was about reducing inequality.” No, it wasn’t.