As Labour gathers in Liverpool, Britain could hardly be in a worse state. Unfortunately, everything Labour delegates say and do will only make matters worse. PM Keir Starmer has no answers, while ministers will offer half-hearted pledges they barely believe in, and will never happen anyway because Labour can’t get anything done.

But it’s the delegates who worry me. The party’s left-wing think they do have the answers, and will shout them from the floor and fringe. The problem is they’re all fantasy politics, and will spread fear among already rattled businesses, taxpayers and bond markets. They’re the ones who will foot the bill for the madness now engulfing Labour.