There's a certain amount of complacency among many with respect to the looming British general election. No one doubts that Labour is deeply unpopular. But the electoral system makes it close to impossible for the Tories to win a clear majority. They are so far behind in seats it will take the biggest swing in decades to get them even a one-seat majority. Renard Sexton has a helpful round-up here.
The Tories have the following nightmare. Unlike the GOP, they have actually come out and declared how they would cut spending – drastically – to help return to fiscal balance. Unlike Republicans, the Tories do not believe, as Karl Rove and Dick Cheney do, that "deficits don't matter." But what if they get a tiny majority, enact austerity and then have to face the voters in another election a few months after that? That's what's worrying them. And with good reason.