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In OTL Mosely formed the 'New Party' after leavign Labour before being drawn to overt Fascism

In OTL the collapse of the 2nd Labour government was followed by the "national government' which looked patriotic.

Also in OTL the tories had some real problems with splits, especially over India.

Now WI Labour had held on a little longer, trying to take on the markets, the tories had split but thre had still been an election in the middle of the depression between Oct31 and March 33.

Could 'the New Party' have been efective, even won.

Of course as I understand it Moesley party at that time was an odd mix of people fairly far to the left with proto fasicts.

Could it have happened?

What would a New Party government or official opposition be like
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