Lyric discussion by DwarfCowboy93 

Cover art for Plan B lyrics by Dexys Midnight Runners

This could be a love song of sorts but I think it's more likely about Kevin Rowland's plan to launch the new Dexys after most of the original members had left to form The Bureau. The song is addressed to another member of Dexys who's stood by him , and Plan B is the new Dexys. The "whispers more than loud enough" refers to tensions in the old band and the band members turning against him.