Co-conspirators will remember Miatta Fahnbulleh, new MP for Peckham, who is constantly billed as a “rising star” in the Labour Party and has been immediately promoted as an energy minister. Despite spending all of five days as an MP…

Fahnbulleh is formerly head of the capitalism-sceptic New Economics Foundation which, under her leadership, advocated nationalisation of banks and creation of new “green” banks with taxpayer funds. On top of that would be a block on private banks lending to anyone with a “large amount of greenhouse gas emissions” and “penalisation of banks that provide too many carbon-intensive loans”…

The minister, who has been advising Ed Miliband, has personally spent much of the last two years calling for even more and higher windfall taxes on oil and gas producers, and, even more worryingly, the creation of large nationalised energy companies to “flood the market“, accompanied by the introduction of “free basic energy” for everyone. Guido looks forward to seeing the costings for that one…