An investors’ guide to surviving Corbyn

Windfall taxes imposed overnight. A sweeping programme of nationalisation. A levy on every bank transaction. A campaign on ‘back taxes’ that amounted to little more than hustling money out of corporations. The first couple of years of a government run by Jeremy Corbyn might not be quite as extreme as the all-out assault on private enterprise launched by his hero Hugo Chavez in Venezuela, which included all of those measures. But it would still be most left-wing government seen in this country since 1945, and quite possibly ever.

If it happens — and there are still almost five years before there has to be another election — what kind of steps can investors take to protect their wealth? The most obvious is to move as much money abroad as fast as possible. But there are other steps they can take as well. A few industries will do well from the massive splurge of spending to which the Labour Party has committed itself.