Denis Healey was infamous for his commitment “to squeeze the rich until their pips squeak”. That was until the IMF intervened. Rachel Reeves appears to be set on a similar course. She has removed the inheritance tax exemption from farmland over £1 million at probate, introducing a 20% rate on the balance. There’s no doubt about it: this is a socialist attack on landowners in line with core classroom Labour philosophy — down with the capitalists and landowners, and up with the workers. It targets the rural bourgeoisie.
Governing with malice aforethought
The UK’s new Chancellor, is pursuing a socialist anticapitalistic agenda. She is on course to preside over a crisis worse than that faced by an earlier Labour Chancellor, Denis Healey in 1976.
