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What, the LibDems?
Surprisingly they're very slightly left of Labour at the moment: https://www.politicalcompass.org/uk2024
(Left Libertarian myself so much more likely to vote Green if I wasn't voting tactically.)
The problem with eliminating the Tory party is that something worse may appear in its place.
Eradicating a party doesn't get rid of all of its voters, there will still be a significant number of right-of-centre people in the country and many of them vote.
The danger is that without a just-right-of-centre party to vote for they end up voting for something further right.
Labour's danger is that moving too far left will mean that people who can't stomach voting that far left stop voting Labour or, even worse (for Labour), vote for a party right-of-centre.