It won't.
Labour never really changes apart from its presentation and some apparent concessions to the real world under New Labour - though that has now gone, probably for ever.
It is in this context that it is worth reminding ourselves of one of Winston Churchill's quotes on Socialism in general, as this will apply even more to Labour from now on than it did from 1997:
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy. Its inherent virtue is the equal sharing of misery."We must also never forget that any misery we are currently experiencing, and any that we encounter in future as a result of government intervention, is in reality being caused by Labour under Tony Blair and (especially) Gordon Brown, the real architect of this country's present woes.
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