Former Lib Dem leader predicts 'incredibly close' result in by-elections

The transcript discusses the political landscape in the UK, focusing on the Lib Dems' campaign efforts and the challenges they face against the Conservatives. It highlights the economic difficulties the Tory government is encountering, including high inflation and potential recession, and speculates on Boris Johnson's possible strategies, such as calling an early election. The public's dissatisfaction with the government and the Lib Dems' potential gains in future elections are also covered.

In what ways has the composition of the parliamentary party changed over time according to the speaker?

What does the speaker suggest about the public mood towards the current government?