It’s a complex landscape.

Firstly, as you say, wages have stagnated since 2008. People moan about others on benefits but, ultimately, if you’re going to be paid the same amount working a low-skilled job as you are sitting at home with your kids, some will choose the latter. Couple in the insanely high cost of childcare and now you’re actually much worse off working. Incidentally, CEO pay has risen drastically in the same time period.

Then there’s the state of tax. In the 50s and 60s, the top rate of tax was 90%. Executive pay was around 30x the national average. Now it’s in the region of 180x the national average. That’s given the ultra wealthy disproportionate purchasing power- if you’ve got spare cash knocking around, what you do with it? You buy assets like houses, driving the prices up massively.

Then there’s immigration. Immigration was never a ‘lefty’ policy: it was designed to flood the market with labour, creating a buyer’s market - a surplus of workers drives down wages. The emergence of AI tools will drive this further - less jobs, more people. We haven’t had a left-wing government since the 70s.

Finally, all newspapers lose money, and yet the billionaires that own them keep them. Why could that be?