So when Mr Blair came to make his victory speech, it was with a humility that has not often been seen before. "If the predictions are right, it looks as if the Labour Party is heading, for the first time in its history, for a historic third term," he said. "It's not yet clear, obviously, what the majority is. But it seems as if it is clear that the British people wanted the return of a Labour government, but with a reduced majority.