Robert Peston

Can I just ask you on that?

Because you would argue that it would have pretty broad support.

So what would Le Pen or Bardella say about this?

Even though a lot of their supporters would presumably be in favor of it.

And I think you said that if we did this in the UK, it would raise roughly 15 billion pounds.

Now, 15 billion pounds, it's a lot of money, right?

But it is less than a tenth, for example, of what we spend on our health service, right?

It's useful, but it's not going to transform the public finances.

Would you see this...

as a sort of first step on a path to rebalancing how we do taxation.

Because if you look at an economy like the UK, it seems patently obvious that we tax work too much and we tax assets too little.

I'm not saying it's trivial, but it's not transformative.

We've got this possibility that the Prime Minister is going to be replaced.

There is a

They're all social constructs.

That's the point.

Absolutely gripping conversation.

And it's goodbye from me.

Somehow the supermarkets would limit those prices in return for the government waiving certain restrictions.

Having talked to the supermarket bosses, they almost all say this is completely and utterly barking mad.