There’s an oddly upbeat mood here at Tory party conference in Birmingham. You might have thought that with just 121 MPs left, the Conservatives would be fairly despondent about their future. But it seems that the bromide of the leadership election has helped assuage such feelings. After all, who can be miserable when there are endless invites to rallies and much merchandise to be purloined?

Yet Mr S has a big bucket of cold water to douse on Tories rousing from their conference hangovers this morning.