Cutting the cost of saving

There is something of a consensus in the press that the Labour manifesto has opened up “clear blue water” between the Labour and Conservative parties. The UK voter, says absolutely everyone, has a real choice to make here. That’s true – but only, I suspect, to a degree. Jeremy Corbyn’s manifesto is interventionist, extremely expensive and a bit silly. But you could say that of almost all manifestos. And the truth is that over the last few months all UK politics has shifted firmly towards interventionism.

Corbyn clearly doesn’t trust the market: he would like [...]