You said you actually would maybe agree with Montgomery and myself on that.

Look, I think it would be better...

if young people in this country felt that they were contributing to a system that worked in their best interest.

The fact is, though, that we need to fill the skills gap.

That is just a fact.

And I'm not saying that what I want is for us to hit back to the top end of the Boris wave, as you guys like to put it.

I don't think that that's worse.

Let me just...

Yeah.

then you're obviously going to need to tax assets at some point.

This system is clearly not going to sustain itself.

The one gripe I have with Gary Stevenson's annual wealth tax policy, number one is I don't think it's going to raise as much money as he says it will.

Secondly, there is a problem about capital flight.

I think that's a real problem.

But there is an answer to that problem.

So that's where I do disagree.

Look, I would take it back to probably to

1979, unsurprisingly as a Labour guy.

I think Margaret Thatcher has a lot to do with this.

Structurally, what happens in 1979 is that an ideological shift occurs in the attitude towards housing.

where in previous decades from the 60s and 70s, housing provision had not just been the purvey of people who worked in the private sector, but it had also been something that government did, local authorities.

Through the 60s and 70s, you have local authorities building 100,000 plus houses, sometimes reaching 150,000 houses alone in that fiscal environment.

In 79 with Thatcher, two big changes happen.

Okay, so how do we fix this problem? Freddie, what is the solution here? Or what policies do we need to enact to move towards...

That was the argument.

So I think when it came to stuff about talking about foreign policy and specifically talking about what Israel could do in the days after October 7th, he was very nervous, I think, to say anything that could upset the idea that he hadn't given his full-blown support behind Israel.

And...

This is me saying this for the first time.

Anyway, I have no evidence that this is a conversation.

This is the opinion that I've had to justify my own involvement in the Labour Party.

So maybe you think I've made it up because this helps me sleep at night.

I lack a lot of hope.