They expect the Conservatives' poll lead to drop into single figures in the next month or so. They expect to lose the Conservative lead on economic competence but expect it to be restored by the new year.and
They have decided it's largely impossible to compete for serious airtime with Government at this time. They note that frenetic activity by Vince Cable is doing nothing to reverse the LibDems' slide in the polls.and
the leadership does not expect that Brown will win any long-term credit for any of this. Brown, we were told, will soon have seen to have saved the banks but not averted recession and there aren't many votes in that. They are cataloguing evidences of Labour "triumphalism" at recent events for later use.
Another case fro calling an early election then.
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