On Monday night the Tories pulled ahead of Labour in the polls for the first time in two years. Constantly banging on about the cost of living crisis and renationalising public services don't resonate with the British public as much as a growing economy, it seems.
Last week, Ed Miliband boasted about his superior "intellectual self-confidence", but as Benedict Brogan asked on his blog, is the Labour leader simply oblivious to the perilous situation he's in?
And what about next week's European elections? Once trailed as the moment that David Cameron would lose control of his party, could a poor showing for Labour turn out to be the final nail in Mr Miliband's coffin?
Is it over for Labour? Has Ed got it wrong? Or is this all a temporary blip? This week, Tim will talk about the future of socialism with our Labour specialist Dan Hodges, the Telegraph's political guru Benedict Brogan and the editor of the Spectator, Fraser Nelson.