The Tory plans to cut the number of Commons seats may slow Labour's return to power down too
That would only be the guess if they took a leaf out of Sarkozy's book and played at gerrymandering. Simply reducing the number of constituencies would just increase volatility and (as a percentage of seats) electoral turnover. Just as Labour supporters are wrong to assume that AV would always help them, Tories are wrong to assume that cutting the size of Parliament will be to their advantage all the time. As far as vote percentages go, LibDems are actually wrong to assume the same about STV - they'd win more seats though, even if their vote seeped sharply away in places, so it's not quite such an irrational hope.