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.

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.