Conservative ministers are united on one issue if on no other: they think Jeremy Corbyn was right. Britain’s economy isn’t working.

It’s hard to disagree. Jobs abound, but real wages are falling. Many who work are becoming poorer for their efforts. Little wonder trust in the businesses that employ us and sell us ever-more costly products is falling fast. Household savings rates have fallen faster still. Home ownership is out of the question for many.

In the face of such economic experience, it takes a very special understanding of public opinion to think that the answer is simply to bellow a bit louder about the wonders of capitalism and the evils of socialism — especially when many of your audience weren’t even born in the