The sinking ship?

If the front page of the Guardian is to be believed then the Labour party seems to have made up its mind about the next election.

The report by Martin Kettle and Nicholas Watt suggests that record numbers of Labour MPs are applying to sit in the House of Lords after the next general election.

In the clearest indication to date that increasing numbers of Labour figures believe the party is heading for a heavy defeat at the hands of David Cameron, the Guardian has learned that at least 52 MPs have formally approached Downing Street to be given places in the upper house.