Readers will remember how last month Jeremy Corbyn’s official campaign group rebranded to become the “People’s Momentum”, a red guard run by hard-left activist Jon Lansman. It vowed to “put our values, the people’s values, back into politics. To do this, we need to keep up the momentum we have built over the last four months”. John McDonnell said he wanted the group to“transform our democracy and our way of doing politics. We are part of this wider social movement, running an economy in the interests of all”. Oh really?

Typical properties in the Shad Thames development to which Momentum is registered

Strange, then, that the “People’s Momentum” company address is registered to a million pound luxury riverside apartment in Shad Thames, one of central London’s most prestigious developments with an onsite concierge and views of Tower Bridge. It’s somewhere you usually find yuppie City traders rather than red flag-waving socialists. Must be what they mean by “the people’s values” and “an economy in the interests of all”…