I am grateful to my hon. Friend for that intervention. The wholesale economic devastation that would be the consequence of Labour’s nationalisation plan—I do not know whether it has a plan to nationalise sausage production, but I hope not—would be clear. We have to make the case for the free market. In this day and age, it is astonishing that Labour Front Benchers espouse an ideology that totally opposes the free market.
The shadow Chancellor is a self-declared Marxist. The House will know that in 2006 he said:
“I’m honest with people: I’m a Marxist”.
He said of the 2008 crash:
“I’ve been waiting for this for a generation”.
In 2017, he stood in front of Communist flags at a May Day parade in London, and just this year he attended the Marx 200 conference in London, at which he claimed:
“Marxism is about the freedom of spirit”.