DBWI- What if Labour had lost in '92?

What if Labour had not won the 1992 general election? We all know the Kinnock's Government was severely damaged by the events of September of that year (Black Tuesday, as it is called), and Labour has not won a general election since their wipe-out in '97. So, let's assume John Major managed to hang on in 1992.

-Would Black Tuesday, or a similar event have happened?
-Would Prime Minister William Hague ever have risen to prominence in the Conservative Party?
-Would the Lib-Dems have replaced the Tories, rather than Labour as in OTL?
-Would the economic boom of 1993-2007 have continued anyway?
-Would British Rail have been privatised?
 
John Major would be regarded as one of the Greatest Prime-Ministers. There is no way a Conservative Government would have let "Black Wednesday" happen. I think John Smith would have become Labour Leader, but he would be little different to Kinnock. I think the 1992 election would have seen the final death of the Labour Party. After the sucess of Rail Privsation and the return of the inetr-war style train companies (The old old big four companies, plus Southeast Mentro (Based on British Rail's Network South-East), and Scottish Rail would have seen a boom in rail travel.
I think Major would have increased the Conservative Majority in the June 1996 election with a soild majority of around 50 seats. After a 5th election defeat Labour would have torn itself apart. I think William Hague would have still become Prime-Minister prior to the 2001 election. I think Major would have stood down after ten years in the job, and had no attention of going on and on, as Thatcher had done, and the Conservatives would wish an ordely transfer of power.
 

Mussleburgh

Banned
What about the radicals in the Labour party such as Blair and Brown? What would happen to them if they failed to get in in 92?

((OCC.I don't really understand this DBWI so I'm trying to understand what's going on. Ignore me if I am making no sense.))
 
I think Gordon Brown would have been tied to the failed leadership of John Smith, whilst Blair would have quit the Labour Party and returned to the bar.
 
Please. The Conservative Party was a dead horse. John Major is arguably one of the most boring and uninspiring men to have ever lived. It is highly unlikely that, had the stars aligned unfavourably and somehow prevented Kinnock from obtaining power, we would have had anything but four more years of the most drab, insipid and stagnant governance. Another four years of Major's grey Thatcherite rubbish would have torn the soul out of Britain, and Labour might well indeed have succumbed to the Radicals.

Kinnock's policies brought us back from the edge, and the economic growth created is a direct result of his rejection of the New Conservative's Thatcherite-Monetarist Pap.

Blair, from what I know of this minor figure, seems to me to be just an old school CoE Conservative with flashy liberal trappings. John Smith is a definite winner in any leadership battle in '92 or later.
 
What about the radicals in the Labour party such as Blair and Brown? What would happen to them if they failed to get in in 92?

((OCC.I don't really understand this DBWI so I'm trying to understand what's going on. Ignore me if I am making no sense.))

OCC. Assuming the narrow Conservative victory in 1992 becomes a narrow Labour one. John Major only stands as PM for two years, and is replaced by either Kinnock or John Smith, who are devastated by the events of September 1992, which take place a day earlier than in our world, hence the name Black Tuesday
 
For your information, the plan of the Privtsation of the Railways described here was the idea that John Major did want to use for it, but he it was talked out of it by Ministers and the Civil Service. In my view it was a big mistake. It would have allowed the British Rail units operating those services to become companies themselves. Network South East was operating as semi-automous company within British Rail from 1986. In most cases new train operating companies would not have been able to tender for routes, unless the British Rail Unit did not wish to tender or it was to be deemed to be in the public good.
 
The person who stopped the Tory party tearing itself apart after the 1992 defeat was Douglas Hurd. Hurd who had stood for the leadership against Major and had been a sucessfull Foreign Sec . He was seen as a safe pair of hands rather than the un-tried Portillo or Ken Clarke. He had agreed that he would would only serve one term as Prime-Minister, allowing others to come forward. He was 72 by the end of his term. He was replaced by William Hague in November 2001.
 
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