John McDonnell this morning invited Phones4U entrepreneur John Caudwell around for a cup of tea. If I were Caudwell I would treat it a bit like an invitation to afternoon tea in Miss Marple’s village – and keep a keen nose out for the smell of bitter almonds. No good will come of the invitation, that is for sure.
Day by day, it is becoming clear McDonnell really is engaged in what he has described in his Who’s Who entry as ‘fermenting the overthrow of capitalism’. Today’s offering is to impose a maximum 20:1 ratio of the highest-earning employee to the lowest-earning in any company which bids for government contracts – and to threaten to delist any company which fails to reach decarbonisation targets.
It is not hard to work out what would happen as a result of these two measures.
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