Things are looking up: a whole speech from CBI boss Carolyn Fairbairn and not a single platitude about Brexit. In fact, she skipped it entirely, focusing instead on something business finds even scarier than no deal: Jeremy Corbyn.

Say he got in. And say he and his sidekick, John McDonnell, made good their threat to nationalise the water, energy, rail and postal industries. Well, you can guess what the CBI thinks of that. For starters, there’d be a £176 billion bill to buy back the private companies, at least on Centre for Policy Studies figures.

What, too, of the investors? As Ms Fairbairn put it, they are not “the unaccountable fat cats of fiction” but “you and me”, with investments held in “8 million pension…