OPINION - Rachel Reeves's £40bn of tax rises sets up the dividing line for the next election

Ask two Blairites when the New Labour project died, and you might get three different answers. The first is June 2007, when Tony Blair stood down as prime minister. The second is May 2008, when the party ran a class-based (an unsuccessful) campaign at the Crewe and Nantwich by-election. While the third is September 2010, when Ed Miliband was elected party leader.