The Labour Party is in jubilant mood as it meets for its annual conference

By Bagehot

ABOUT half-way through “Jaws”, Steven Spielberg’s 1975 blockbuster, Sheriff Brody (Roy Schneider) finally catches sight of the giant shark that has been wreaking havoc in the high seas off the New England coast. Horrified and awe-struck, but still holding onto his cigarette, he rushes into his boat’s cabin and tells his ship mate (Robert Shaw) that “you’re going to need a bigger boat”. You only had to spend a few hours at the Labour Party’s annual conference in Brighton to realise that the Tories are going to need a bigger boat if they are to escape from being gobbled up by Jeremy Corbyn’s resurgent Labour Party.