I met Rachel Reeves in person several years ago. She expressed hesitation about Jeremy Corbyn’s plans to spend big on a national investment fund. With interest rates at ~zero back then I actually thought that would have been a sensible move. Borrow cheap money and use it to build back up our crumbling national infrastructure. Now we’re borrowing expensive money to pay down debt. Whilst driving our biggest tax payers offshore and punishing businesses and the middle class. Capital controls, exit taxes, wealth taxes, income taxes: it’s all so much worse than Corbynomics ever was. It won’t end well.