This is the point of maximum danger for anybody who owns property in Britain. The Labour government is desperate for cash, and will never be as powerful as it is today. Rachel Reeves is expected to raise inheritance and capital gains taxes, but she is being urged by a bevy of influential voices to go even further, and to impose Britain’s first annual wealth tax on unsuspecting homeowners. This would be a calamity, the most explosive assault on private property since the 1940s, and must be opposed by all right-thinking people.