The Financial Times’ front-page headline today presumably wasn’t meant to fire up Jeremy Corbyn’s Labour support base, but there’s no doubt it’s done that. By putting an astonishing £300bn value on Labour’s worker ownership proposals, the paper has put rocket boosters on Labour’s economic program for government.

£300bn for the working class? Fine by us. Alongside potential plans, first floated in the same FT article by Shadow Chancellor John McDonnell, for a “Right to Buy” for private sector tenants, it should be clear that when Jeremy Corbyn wins the next election, this will be a government determined to shift the balance of power, wealth and opportunity decisively to the benefit of working people.

These shares would be held collectively by the entire workforce, and, since they are shares, would grant the Fund to voting rights and decision-making powers in the company – as well as entitling every worker to dividend payments.