“The problem is that saving 200 pounds a month for a deposit on your first property makes very little sense when the price of that property grows by tens of thousands every year.

“This sense of the things you actually want speeding away from you on a train you’ll never catch…this is the real driving force behind the popularity of politicians like Mamdani.”

I still think Mamdani’s assured victory in the forthcoming New York mayoral election is a one-off.