The main trouble with the last Labour Government was its neo-Thatcherite policies. I don't think we've ever been in any danger of having a socialist government in the UK. As soon as they get into power, Labour spend all their time trying to prove to the CBI that they're not socialists.

The 'guaranteed financial destuction' of our country began with Heath's relaxation of the regulation of financial institutions, and reached its previous peak with Thatcher's ruthless asset-stripping.