I am not sure if it is class war exactly but something very like it is back.
Perhaps it is a hybrid of a class, eco and generational war. In that Labour is planning to sting those earning £80,000 a year or more with an additional tax burden just short of £20bn from higher taxes on income, capital and dividends.
As for businesses and financial institutions, they are being whacked for almost £50bn, in a dizzying array of increased levies on profits, assets and financial trading, and – eccentrically perhaps for a party saying it wants to encourage a green high-tech economy – a reduction in allowances for spending on research.
And there’ll be a further £11bn windfall levy on carbon-spewing oil companies – and businesses failing to meet environmental standards would be kicked off the stock exchange.
That is the stick with which Jeremy Corbyn intends to beat the ‘billionaires’ he holds in contempt.
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