Title: The Party of Davos is the biggest loser in Britain’s election | The Economist
Headings: The Party of Davos is the biggest loser in Britain’s election
Bagehot
The Party of Davos is the biggest loser in Britain’s election
The long climb back

Content: Under Mr Cameron the Conservatives made their peace with social liberalism by supporting gay marriage. The great purge of the Davosites started on the left, with Jeremy Corbyn’s election to the leadership of the Labour Party in 2015. Out went the likes of Mr Mandelson (who had once declared that “we are intensely relaxed about people becoming filthy rich”). In came hard-leftists who had learned their craft on picket lines rather than ski slopes. Mr Corbyn even advocated putting one of Davos’s heroes, Mr Blair, on trial for war crimes. The purge spread to the Conservative Party this year with the election of Boris Johnson as leader, who expelled 21 senior Tories for disloyalty over Europe. Davosites such as Rupert Harrison, a protégé of Mr Osborne, have been weeded from the Conservative candidates list. The Davosites have made several ill-starred attempts to regroup. They briefly supported the idea of a “government of national unity”, only to see the idea fizzle. They invested high hopes in a second referendum, but the “people’s vote” movement collapsed in turmoil when Roland Rudd, the PR entrepreneur who helps to fund it, tried to sack two of its leaders and staff responded by walking out.