Is Britain going back to the 1970s? Even under the Conservatives in 2022, the Financial Times was warning we were in danger of reliving that ‘relentlessly awful decade’. Since Starmer’s accession to power, the similarities have become only clearer.

Millionaire hotelier Rocco Forte drew the same comparison in the autumn, saying we’d ‘come full circle’ and that the new Labour government was ‘doing a lot based on socialism, but not a lot on common sense’.