Not wanting to be left out as Theresa May succeeded in hobbling the UK economy yesterday with a trillion pound hit without MPs even voting on it, John McDonnell doubled down with an even more aggressive green assault on business last night. McDonnell told an incredulous City audience last night about his plans for legislation to de-list any company from the London Stock Exchange that failed to meet his environmental criteria. It’s hard to overstate just how bonkers this plan is…

One City financier branded it “financial totalitarianism” and said it would be a “catastrophe” for Britain’s economy if it was ever carried out. May’s desperate attempt to carve out some sort of meagre legacy for herself has started a bidding war with Labour over who can inflict more damage on the economy in the name of the “environment” which Corbyn and McDonnell are only too happy to go along with. Never mind the fact that Corbyn showed no signs of caring about it before posh protesters started holding yoga parties on London’s major thoroughfares. Puts “f*ck business” very much in context…

All this will mean is that companies will transfer their listing from the London Stock Exchange to the New York Stock Exchange. It will achieve nothing except to lessen the amount the City of London generates in tax revenues to fund public services. Kamikaze Communism…