But Labour remains unapologetic about the policy, which is part...

But Labour remains unapologetic about the policy, which is part of the party’s net zero 2050 strategy. “No one in the oil and gas industry in Norway had a problem with a 78 per cent rate of tax,” one Labour official said. “Industry says, if you tax us more we’ll pull out and go home . . . that’s what industries always tend to say when you’re about to put their taxes up.”

This just proves that Labour are avoiding the allowance question. Classic deflection by pointing at Norway, but conveniently ignoring the fact that Norway may have a 78% headline tax rate but they also have a very generous tax allowance as well.

The more I read about Labour’s policy the more convinced I am that this is was not well thought out and is definitely not viable.

Probably more likely they thought they’d shoot from the hip after abandoning their un-fundable £28bn a year green nonsense and grab some headlines by doubling down on a new half baked policy.