A corrupt and disgraceful end for new Labour this certainly is. Yet the question to ask is what is the Labour Party going to do – or more precisely what could it do?
This is a Ramsay MacDonald moment. The National Executive of the Party should call a conference with the purpose of disowning this so-called Labour Government. A new leader should be elected who may or may not be an MP. A policy commission should draw up a new set of social democratic policies to put before the electorate. Most constituencies would select new candidates for MPs for the next election.
But of course none of this will happen. The once great British Labour Party will sink with New Labour.