Now that the Chancellor has issued more threats — higher taxation this time — if the UK leaves the EU, it has very possibly split the Tory Party irrevocably, even if we decide to remain. Both David Cameron’s and George Osborne’s position will be untenable at least.
If we remain in the EU after the 23rd and there’s a continuation of the present hard economic grind plus immigration at present high levels, then the 57 revolting Tory MPs would very likely be joined by more and the party could actually split into the two parts it already is — that is, a very hard right-wing and a softer centre party with policies that are already hardly distinguishable from most of the ‘Blairite’ Labour Party.
The hard-right part of the Tory Party could then become a separate extremist right-wing party such as those already rising in France, Germany, Denmark and others. There would then be strong calls for a General Election and Referendum combined.
Whatever the result of any new configuration of political parties in this country, or in Europe, it still doesn’t answer the main dilemma of modern government in the advanced countries — the increasing lack of credibility from electorates. And the reason for this is the perceived ‘distance’ between governance and people. That’s a problem that still remain to be solved.