An original drawing by Gerald Scarfe was sold this month at Christie's South Kensington. Without knowledge of its original context, I'm not quite sure what's being satirized here.
Gerald Scarfe,The Marksman--Bangers and Cash Christies South Kensington Sale 4079, Lot 155, December 18, 2012
While British politics are admittedly unfathomable to me, I do recognize the pun on the traditional working-class dish bangers and mash. If I may quote—from memory—Peter Schickele's explication (from Schickele Mix program #129) "...bangers are sausages, and M*A*S*H* is an old TV program."