The waiters serve a decent glass of champagne on the crowded decks of the Tory Titanic. No matter that the Conservatives suffered their worst electoral defeat in history; members were reveling in their four-cornered contest for a vacant leadership at their annual party conference recently in Birmingham.

The Tories are still the ¡°party party¡± ¡ª so for all the travails, the band plays on.

Labour, in contrast, back in power with a 170-seat plus majority after 14 years in the wilderness, had everything to celebrate at their recent annual get-together in Liverpool, as well. But Members of Parliament had to console themselves with lukewarm white wine (at least the ones who weren¡¯t invited to expensive dinners by lobbyists swarming the first meet-and-greet of a new administration).