The Spectator Podcast: is Corbyn to blame for a British cash exodus?

In the last two years, $20 billion have left the UK as investors withdraw their money from British equity funds. Conventional wisdom might say that this is because of Brexit uncertainty, but talk to many in the City and they will tell you that the political event that their clients and partners are most afraid of is, in fact, a Corbyn-government. With policies like a 10% expropriation of equity from British companies to, supposedly, the worker (though, read the small print and you’ll see that much of it goes towards the State), it’s not hard to see why. On the podcast this week, Liam Halligan, economics columnist at the Telegraph and Spectator contributor, goes head to head with the formidable Grace Blakeley, a research fellow at the IPPR and incoming economics columnist at the New Statesman. In a highly intellectual sparring match, Grace defends Corbynomics, which Liam calls ‘simply mad’.