But he justifies this by pointing to an unlikely lodestar: the Thatcher government. ‘If the Conservatives had any imagination or verve, they would look back at their own history and realise the last time capital gains and income was equalised was under Nigel Lawson,’ he says. ‘What I am advocating is a Lawson policy.’ From someone who used to denounce Baroness Thatcher with some passion, this sounds remarkably odd.
But, he claims, age has taught him the point of Lady Thatcher. And, indeed, he now seems to see her as something of an inspiration. ‘I’m 43 now. I was at university at the height of the Thatcher revolution and I recognise now something I did not at the time: that her victory over a vested interest, the trade unions, was immensely significant. I don’t want to be churlish:
that was an immensely important visceral battle for how Britain is governed. And what has now happened to the British economy? It has gone belly-up because, once again, we have allowed a vested interest to run riot.’