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Sunday 16 August 2015

England's Ashes Win - Despite, not Because

Maxie Allen in The Full Toss

England would not have won the Ashes had Kevin Pietersen not been sacked without explanation. Alastair Cook is the greatest captain in test history. Paul Downton is a national hero of rare prescience and foresight.
I need exaggerate only a little to make the point. History is being re-written. Scores are being settled. A sickly river of errant and retaliatory bilge is slithering its way through the media crickosphere.
Why does it matter? At the risk of coming over all Ed Smith, allow me to quote George Orwell:
He who controls the past controls the future. He who controls the present controls the past.
Newspapers write contemporary history. They set the agenda and become the accepted version of events. The press influence people whose opinions affect cricket followers – from the wider public, to politicians, sponsors, and sports administrators.
Who is the head of UK Sport more likely to read? Mike Selvey, or Being Outside Cricket?
The hacks have power, but some of them are distorting reality to serve a bizarre agenda.
Let’s get one thing straight. England did not win the Ashes because a masterplan came gloriously to fruition. England’s triumph over Australia did not reveal the decision-making of February 2014 to be an act of visionary, methodical genius.
England won despite what happened, not because of it.
Let’s remember the precise sequence of events. First, Peter Moores was hired with a mandate to re-build the England side. He was chosen even though he was the only candidate who’d already failed in the role, and to almost universal opposition. He promised more of the same micro-managing, data-driven, strait-jacket approach which by then had already been discredited under Andy Flower.
How did he get on? Moores took England backwards, not forwards: losing to Sri Lanka, crashing out of the World Cup at the group stage, and drawing with West Indies, a record only offset by the series win over a woeful India.
It was meant to have been Peter Moores who masterminded England’s Ashes campaign. At the last minute the ECB had no choice but bow to the inevitable, prompting a panicked sacking and replacement process. In dismissing Moores, Andrew Strauss managed to avoid doing the really stupid thing – not sacking him – but it was hardly act of remarkably prescient cricketing genius.
And what of the new materials around whom the side was re fabricated? Sam Robson and Gary Ballance have both since been dropped, as have Chris Jordan and Liam Plunkett. Chris Woakes, for reasons both of form and injury, has also fallen off the radar. Jos Buttler has yet to make a century and has scored only 79 runs at 13 in this Ashes series.
The ECB’s stated plan, eighteen months ago, was to build the New England around Alastair Cook. Since then he has scored two centuries in seventeen tests, the output of a supporting actor, not the lead. In the 2015 Ashes so far, Cook has made 223 runs in seven innings, at 31.85. In terms of England averages for the series, he stands sixth.
Has Cook’s captaincy improved England’s form? He’s now more prepared to try quirky tactics – if England are on top. He will declare, nine down, shortly before lunch – if England are already leading by more than 300. As Unhappy Hippy remarked on Twitter, “Cook’s captaincy capably managed matches we should win”.
If Cook has changed his approach, he waited until at least a year after the tour of Australia to do it. If Cook is made of the right stuff, why has he progressed at barely a glacial pace? In nearly three years at the helm, Cook has now led England captain in 37 tests. Only five men have ever captained England on more occasions.
Would England not have beaten Australia without Cook’s captaincy? What did he do in this series which turned sessions in England’s favour? Was this a case of his intrinsic virtues carrying the day, as they were inevitably destined to? Or an extension of the Collingwood Principle – that if anyone captains long enough, refusing to resign, they will eventually enjoy a series when things go their way?
The jury remains out on the most important dimension of Cook’s captaincy. He has always been prepared to rotate the bowlers – any idiot can do that – and try an offbeat field placing. Cook’s real weakness is his impotence in the face of adversity. When the batsmen are on top – as Australia’s were at Lord’s, or when England lose control in the field – as they did last year against Sri Lanka at Headingley and India – Cook retreats into his shell instead of taking the game by the scruff of the neck. These situations are the true test of a captain’s mettle, and Cook invariably fails – shrugging his shoulders at slip and ceding control to Anderson and Broad.
By retaining Cook as captain, were the ECB sagacious and far-sighted, or did they just get lucky? When they reaffirmed him, time and again, after each disappointing result, what were the qualities they saw in him which have now become evident this summer? And how did they influence the result?
Have England been better off without Kevin Pietersen? His replacements – in this series, Ballance and Bairstow (it is telling that a change was needed) – have scored 177 runs in six innings. Would Pietersen have scored fewer?
It is impossible to say with any confidence whether his absence helped foster a better team spirit, and if so, whether this atmosphere contributed significantly to England’s Ashes victory. Any assertion on this front is pure guesswork.
But no evidence has ever been presented that, when he played for England, Pietersen’s involvement proved detrimental to the team’s output. He was a member of England sides which won four Ashes series, beat India away, became world number one, and won the World T20. There is also ample testimony from younger players about Pietersen’s provision to them of support, advice, and help in the nets.
So if you return to England’s 2014 masterplan, and trace the narrative threads through to their victory at Trent Bridge, what do you end up with?
And why regard this Ashes series as the ‘end of history’? It is an arbitrary choice, which insults England’s other opponents. Why not draw the line at the West Indies tour in April, and take final conclusions from that result? Or extend the story to include the upcoming visits to UAE and South Africa. If England fare badly overseas this winter, where does that leave the narrative?
In beating Australia, England bowled extremely well, and batted well enough. Joe Root’s runs and Stuart Broad’s wickets were by far the most important individual contributions. Of the other players who materially affected the outcome, only Moeen Ali was an addition to the team since the Difficult Winter. You could add Mark Wood, at a push. Steve Finn, Ben Stokes, and Jonny Bairstow, all pre-date Paul Downton’s Brave New World.
England benefited greatly both from Australia’s appalling batting, and home advantage. All but one of the last eight Ashes series have been won by the hosts.
Another factor was England’s fresher and more liberated approach – their cricketers seemingly encouraged to play their natural games, on instinct, without hindrance from laptops and hypotheses. This cultural change is probably attributable to the influence of Paul Farbrace, acting coach during the New Zealand series, and Trevor Bayliss. Yet it had not been the advance plan for either man to take charge of the team. Had Peter Moores remained in post, as the ECB had intended, what would have happened?
None of this devalues the performance of the England players who scored the runs and took the wickets which beat Australia. Quite the opposite. They defied expectations. They outplayed their rivals. They won the Ashes. To those players – and to a minor extent their new coaches – is the credit due. To lay it at anyone else’s door is to denigrate their achievement.
Try telling that to what Mike Selvey might call the “vocal minority” of professional cricket writers hellbent on distorting reality to settle scores. Some are motivated by the redemption of their friends. What was regarded ‘below the line’ as the legitimate holding to account of people in power, they saw as the vulgar abuse of “good men”.
More acutely, for some, this their opportunity for revenge on what Ed Smith calls ‘the mob’. We had the temerity to challenge their judgment. We had the impudence to suggest that people who had neither played three test matches, nor once sat next to Kevin Pietersen on a plane, but had spent their whole lives following England, might still be able to form a valid opinion on cricket.
In both cases, we neglected to respect our elders and betters. And this is payback time. In yet another journalistic first for the English cricket media, this is a cue for an attack on their own readers.
If some in the press are exploiting the Ashes result to vindicate their actions, this is small fry compared to what the ECB will do, and what their supporters will say. In theory, everything the board has done, and everything the board will go on to do, can be justified by what happened this summer. The reclamation of the urn proves the soundness of their rationale, the goodness of their governance, and the righteousness of their moral code.
As Dave Ticker put it, on Twitter: "Giles Clarke selling out to Stanford doesn't look so silly now England have won the Ashes, does it."
Persecute, bully and betray England’s highest ever run-scorer? We won the Ashes. Extort spectators and test-hosting counties? We won the Ashes. Lock cricket behind a TV paywall? We won the Ashes. Hand the Sky windfall to the counties and bill Sport England for the grass-roots funding? We won the Ashes. Ruin the World Cup? We won the Ashes. Turn international cricket into a protection racket for the Big Three? We won the Ashes.
Dare not question our judgement. We know what’s best for you. Please move along.

Friday 14 August 2015

With hundreds of thousands of new supporters, Labour is on the verge of something big – what a complete disaster!

Mark Steel in The Independent

It’s easy to see why those in charge of the Labour Party are so depressed. They must sit in their office crying: “Hundreds of thousands of people want to join us. It’s a disaster. And loads of them are young, and full of energy, and they’re really enthusiastic. Oh my God, why has it all gone so miserably wrong?”

Every organisation would be the same. If a local brass band is down to its last five members, unsure whether it can ever put on another performance, the last thing it needs is young excited people arriving with trombones to boost numbers and raise money and attract large audiences. The sensible response is to tell them they’re idiots, and announce to the press that they are infiltrators from the Workers’ Revolutionary Party.
The Labour Party in recent years has insisted that it’s a party that understands business. But if it were running Apple, it would employ a novel approach. A report could come in that a new product was so successful that customers were queuing up to see it, and the sales staff were having to stand on fire engines to address the crowds eager to buy it. So Labour would say: “We’ll scrap that for a start. Let’s promote our other models that have initiated no interest from anyone whatsoever, such as a digital table mat. That’s how to make money.”

The fervour around Jeremy Corbyn is extraordinary, but it wouldn’t be fair to suggest he’s the only Labour politician who can bring large crowds on to the streets to greet him. Tony Blair is just as capable. In his case the crowds are there to scream that he should be arrested for war crimes and to throw things at him, but that’s being pernickety; he can certainly draw an audience.

Blair made another contribution to the leadership debate this week, and his prose is worth quoting. It goes: “The party is walking eyes shut, arms outstretched, over the cliff’s edge to the jagged rocks below. This is not a moment to refrain from disturbing the serenity of the walk on the basis it causes 'disunity'. It is a moment for a rugby tackle if that were possible.”

It’s fitting this was published on the day that A-level results were announced, as it’s hard to imagine how any examiner would have marked this. It’s possible he didn’t even write it himself, and he’s stolen it from the lyrics of an obscure prog rock band from 1975. Maybe there’s another verse: “As we float across Narnia in a bubble of tadpoles, an iguana with a beard threatens to make us anti-business by renationalising the railways, and we cry in a golden canoe that no one will vote for us in Nuneaton.”

Or he was simply trying to convey the scale of apocalypse that will result from Labour electing a leader who stands for something. Tomorrow he’ll add: “Our great party is literally climbing into the mouth of a lion, as it stands unaware of an American dentist poised behind, dozing as it climbs into a ride at Alton Towers that hasn’t been checked since 2008, placing our economy in a shopping mall in America just before a teenager goes berserk with a machine gun. Is THAT what you WANT?”

His accomplice of old, Alastair Campbell, has been just as coherent, insisting Jeremy Corbyn would lead the party to disaster beyond imagination. Maybe there’s still time for Alastair to prove his point by compiling a dossier explaining in detail exactly how Jeremy Corbyn would cause this disaster, showing beyond doubt that the disaster would be caused within 45 minutes, so that the only rational response is to invade Jeremy Corbyn.

This week, I was lucky enough to enjoy at first hand this calm approach of Labour’s leaders, when my application to register as a supporter was turned down on the grounds that: “We have reason to believe that you do not support the aims and values of the Labour Party.” I suppose it’s encouraging that they’re being so thorough, although it could be argued that leading your country into a disastrous invasion, having justified it with a set of premises it turns out you made up, is also slightly at odds with the aims and values of the Labour Party. So, presumably, Blair and Campbell and their supporters will have received the same email as me?

Or there’s Simon Danczuk, the MP who has pledged to do all he can to overthrow Jeremy Corbyn from day one of his leadership. I wonder if publicly committing yourself to bringing down the democratically elected leader of the Labour Party could give someone a reason to believe you didn’t support the aims and values of the Labour Party?

If not, this could lead to a whole new way of running organisations. When someone joins the Scouts they should have to pledge to bring down the Scouts from day one, otherwise they’re not allowed to join. If a new member applies to join a bowls club, they should be asked if they’re prepared to abide by the rules of the elected committee, and if they are, they should be told to sod off and never come back.

Then there’s John McTernan, the former adviser to Jim Murphy, who insists that Corbyn will be a catastrophe, and that the party should continue with the strategy he devised in Scotland, which took the party’s MPs from 41 to a much more manageable one, making it far easier to deal with admin.

These are the types you want to make a party successful, not crowds of young enthusiastic people eager to change society. Isn’t it obvious?

Thursday 13 August 2015

Your students’ A-level results could easily be wrong

 
Students may not be getting the exam grades they deserve due to the inconsistent marking. Photograph: Alamy


Anonymous in The Guardian

Thursday 13 August 2015 07.00 BST 

Congratulations. Your students have got their grades, university beckons and you can bask in the warm glow of a job well done. Parents, colleagues and students salute you. But are the results accurate? As a senior examiner with more than 20 years’ experience, let me share my doubts.

Perhaps you picture genteel examiners sitting in Oxbridge common rooms, languidly resting on armchairs as they earnestly discuss whether Chloe’s essay merits an A* or merely an A. Maybe you imagine seasoned professionals kindly donating their holidays to mark in the garden over Earl Grey tea and lemon drizzle cake? Wise up. Examining is a ruthless multi-million pound business. There are two types of examiners: the quick and the dead. The faster we mark, the more we get paid. If we’re slow, we fall foul of exam cheat No 1: the exam board.



Take it from an examiner, your students’ A-level results could easily be wrong



It doesn’t matter whether you teach economics with ABC board or further maths with XYZ, they are as rotten as each other. My board ask for two qualifications from their examiners: they are alive and they need the cash.

Mr Simpson turns up year after year marking different papers in my subject because the exam board doesn’t cross reference sackings with recruitment. Think of him as a zombie – we declare them dead, but they reappear. Simpson is “aberrant”, in examiner parlance. This means that when we look at his marking, some scores are too generous, some are too mean and there is no pattern. Fancy having him mark your students’ papers? Ms Griffin, however, is merely a “lingering doubt”. These markers make big mistakes, but there is a consistent generosity or meanness that we can correct.

Speaking of consistency, here’s exam cheat No 2: Ofqual. The quango is charged with ensuring compatibility between the exam boards but its heavy-handed, ruthlessly statistical approach makes everything much worse. Unless exam boards give 80% of their marks to Ofqual by early July, they face severe sanctions, including public naming and shaming. Senior examiners therefore have to apply the thumbscrews to their juniors, with predictable consequences for accuracy.

In a recent report exam boards confessed to “guesstimating” grades. The only shock for me was that they admitted it. I’ve seen a chief examiner (top of the tree in exam terms) take a set of papers from an aberrant marker and come back minutes later with new grades. Usain Bolt couldn’t have moved at that speed. The examiner had clearly just looked up the school’s predicted grades and scribbled them on top of the papers. The moral of the story is to check the grades your centre sends to the board. They are used more than you think.

If in doubt about a result, always go for a re-mark – the numbers of requests are booming. It’s hardly a surprise; some examiners are not even standardised. In standardisation, they are given a sample of pre-marked papers and tested on how well they can match the agreed marks. If they cannot, they are not allowed to continue marking. But there are thousands of orphan scripts left unmarked every summer and my board was so desperate that it summoned the zombies, the lingering doubters and other barrel scrapings to a special centre to mark against the clock. Several of these worthy souls had failed standardisation but were allowed to carry on (paid at several times the normal rate).

It gets worse; there are gangsters out there. I’ve seen papers given the green light despite major reservations about how it’s been graded because an examiner needed to move on to their next marking gig. Exam cheat No 3: examiners.



Secret Teacher: marking exam papers exposes the flaws in teaching



I get paid £4 per script. There’s an adage about peanuts and primates. We genuinely don’t do it for the money, but no one likes to be exploited. Meanwhile, remarks cost £40, so someone is making a lot of money. Markers are poorly motivated and often poorly qualified. My examiners once needed several years of teaching experience, now I’ll take a PGCE student. What unites us is a genuine love of the subject we are marking and respect for the students who are producing the answers. For me, reading a good script is an emotional and resonant experience. Students deserve nothing less than my best, and I try to give it. I cannot say the same for the examining process. Your students’ marks may be right, wrong or anywhere in between.

Unexpected exam hero No 1: former education secretary Michael Gove. He was unpopular, but he had some good ideas, one of which was to reduce the exam boards to one. A single board with consistent standards, fair rules and fair results. One exam envelope. And no more zombies. Full marks, I say.

Tarek Fatah - Latest


China cannot risk the global chaos of currency devaluation

"The world economy is sailing across the ocean without any lifeboats to use in case of emergency" Photo: Bloomberg
 By Ambrose Evans-Pritchard in The Telegraph (How wrong he was - the Chinese devalued the yuan for three consecutive days as on 13 August 2015)

  12 Aug 2015

If China really is trying to drive down its currency in any meaningful way to gain trade advantage, the world faces an extremely dangerous moment.


Such desperate behaviour would send a deflationary shock through a global economy already reeling from near recession earlier this year, and would risk a repeat of East Asia's currency crisis in 1998 on a larger planetary scale.


China's fixed investment reached $5 trillion last year, matching the whole of Europe and North America combined. This is the root cause of chronic overcapacity worldwide, from shipping, to steel, chemicals and solar panels.


A Chinese devaluation would export yet more of this excess supply to the rest of us. It is one thing to do this when global trade is expanding: it amounts to beggar-thy-neighbour currency warfare to do so in a zero-sum world with no growth at all in shipping volumes this year.










It is little wonder that the first whiff of this mercantilist threat has set off an August storm, ripping through global bourses. The Bloomberg commodity index has crashed to a 13-year low.

Europe and America have failed to build up adequate safety buffers against a fresh wave of imported deflation. Core prices are rising at a rate of barely 1pc on both sides of the Atlantic, a full six years into a mature economic cycle.

One dreads to think what would happen if we tip into a global downturn in these circumstances, with interest rates still at zero, quantitative easing played out, and aggregate debt levels 30 percentage points of GDP higher than in 2008.

"The world economy is sailing across the ocean without any lifeboats to use in case of emergency," said Stephen King from HSBC in a haunting reportin May.

Whether or not Beijing sees matters in this light, it knows that the US Congress would react very badly to any sign of currency warfare by a country that racked up a record trade surplus of $137bn in second quarter, an annual pace above 5pc of GDP. Only deficit states can plausibly justify resorting to this game.

Senators Schumer, Casey, Grassley, and Graham have all lined up to accuse Beijing of currency manipulation, a term that implies retaliatory sanctions under US trade law.

Any political restraint that Congress might once have felt is being eroded fast by evidence of Chinese airstrips and artillery on disputed reefs in the South China Sea, just off the Philippines.

It is too early to know for sure whether China has in fact made a conscious decision to devalue. Bo Zhuang from Trusted Sources said there is a "tug-of-war" within the Communist Party.

All the central bank (PBOC) has done so far is to switch from a dollar peg to a managed float. This is a step closer towards a free market exchange, and has been welcomed by the US Treasury and the International Monetary Fund.

The immediate effect was a 1.84pc fall in the yuan against the dollar on Tuesday, breathlessly described as the biggest one-day move since 1994. The PBOC said it was a merely "one-off" technical adjustment.



If so, one might also assume that the PBOC would defend the new line at 6.32 to drive home the point. What is faintly alarming is that the central bank failed to do so, letting the currency slide a further 1.6pc on Wednesday before reacting.

The PBOC put out a soothing statement, insisting that "currently there is no basis for persistent depreciation" of the yuan and that the economy is in any case picking up. So take your pick: conspiracy or cock-up.

The proof will now be in the pudding. The PBOC has $3.65 trillion reserves to prevent any further devaluation for the time being. If it does not do so, we may legitimately suspect that the State Council is in charge and has opted for covert currency warfare.

Personally, I doubt that this is the start of a long slippery slide. The risks are too high. Chinese companies have borrowed huge sums in US dollars on off-shore markets to circumvent lending curbs at home, and these are typically the weakest firms shut off from China's banking system.








Hans Redeker from Morgan Stanley says short-term dollar liabilities reached $1.3 trillion earlier this year. "This is 9.5pc of Chinese GDP. When short-term foreign debt reaches this level in emerging markets it is a perfect indicator of coming stress. It is exactly what we saw in the Asian crisis in the 1990s," he said.

Devaluation would risk setting off serious capital flight, far beyond the sort of outflows seen so far - with estimates varying from $400bn to $800bn over the last five quarters.

This could spin out of control easily if markets suspect that Beijing is itself fanning the flames. While the PBOC could counter outflows by running down reserves - as it is already doing to a degree, at a pace of $15bn a month - such a policy entails automatic monetary tightening and might make matters worse.








The slowdown in China is not yet serious enough to justify such a risk. True, the trade-weighted exchange rate has soared 22pc since mid-2012, the result of being strapped to a rocketing dollar at the wrong moment. The yuan is up 60pc against the Japanese yen.

This loss of competitiveness has been painful - and is getting worse as the shrinking supply of migrant labour from the countryside pushes up wages - but it was not the chief cause of the crunch in the first half of the year.

The economy hit a brick wall because monetary and fiscal policy were too tight. The authorities failed to act as falling inflation pushed one-year borrowing costs in real terms from zero in 2011 to 5pc by the end of 2014.








They also failed to anticipate a “fiscal cliff” earlier this year as official revenue from land sales collapsed, and local governments were prohibited from bank borrowing -- understandably perhaps given debts of $5 trillion, on some estimates.

The calibrated deleveraging by premier Li Keqiang simply went too far. He has since reversed course. The local government bond market is finally off the ground, issuing $205bn of new debt between May and July. This is serious fiscal stimulus.

Nomura says monetary policy is now as loose as in the depths of the post-Lehman crisis. Its 'growth surprise index' for China touched bottom in May and is now signalling a “strong rebound”.

Capital Economics said bank loans jumped to 15.5pc in June, the fastest pace since 2012. "There are already signs that policy easing is gaining traction," it said.

It is worth remembering that the authorities are no longer targeting headline growth. Their lode star these days is employment, a far more relevant gauge for the survival of the Communist regime. On this score, there is no great drama. The economy generated 7.2m extra jobs in the first half half of 2015, well ahead of the 10m annual target.

Few dispute that China is in trouble. Credit has been stretched to the limit and beyond. The jump in debt from 120pc to 260pc of GDP in seven years is unprecedented in any major economy in modern times.

For sheer intensity of credit excess, it is twice the level of Japan's Nikkei bubble in the late 1980s, and I doubt that it will end any better. At least Japan was already rich when it let rip. China faces much the same demographic crisis before it crosses the development threshold.

It is in any case wrestling with an impossible contradiction: aspiring to hi-tech growth on the economic cutting edge, yet under top-down Communist party control and spreading repression. That way lies the middle income trap, the curse of all authoritarian regimes that fail to reform in time.

Yet this is a story for the next fifteen years. The Communist Party has not yet run out of stimulus and is clearly deploying the state banking system to engineer yet another mini-cycle right now. One day China will pull the lever and nothing will happen. We are not there yet.

Tuesday 11 August 2015

A very British coup



Chris Mullin in The Guardian


 

Publicity for the 1988 TV adaptation of Chris Mullin's book, A Very British Coup, with Ray McAnally as Prime Minister Harry Perkins. Photograph: British Film Institute


Monday 10 August 2015 18.38 BST 

‘The news that Harry Perkins was to become prime minister went down very badly in the Athenaeum.” So ran the opening line from A Very British Coup. My 1982 novel was predicated on the surprise election of a leftwing Labour government led by a Sheffield steel worker that is then destabilised by the forces of darkness – a cabal of press barons in cahoots with M15, the CIA and with a little help from Labour insiders. It was, as the Guardian’s Simon Hoggart remarked at the time, “a delicious fantasy”.

It couldn’t happen now, could it? Successive election defeats and the triumph of New Labour have surely put paid for ever to the prospect of a leftwing Labourparty capable of winning an election. Or have they?

As it happens I long ago tapped out the first 5,000 words or so of a sequel, but fantasy or not, the astonishing rise of Jeremy Corbyn has given a new lease of life to the real-life possibility, however remote. At recent speaking engagements all available copies of the novel, which is still in print, were gobbled up within minutes. Repeatedly I was asked about the possibility of a Corbyn victory. Gently I pointed out that a party led by Corbyn, saintly and decent man that he is, was likely to be unelectable. Which only met with the riposte that since the other three candidates appear to be unelectable too, why not go for the real thing?

But delicious fantasy or not, let us for a moment suspend judgment and consider how the political establishment would react to a Corbyn victory.

One thing for sure, his honeymoon would be short. His first challenge would be the fact that he has very little support in the parliamentary Labour party. Appeals to loyalty are likely to fall on deaf ears, given his record as a serial dissident.

The good news for Corbyn is that, unlike in the 80s, defections are unlikely. A few people may retire earlier than intended, but I know of no one who thinks an SDP mark II would be a good idea, and the Liberal Democrats are not likely to be an attractive option for the foreseeable future. Corbyn’s principal problem would probably be the sullen indifference of parliamentary colleagues, rather than outright rebellion, though one can’t rule out a direct challenge in due course.

In politics, however, nothing is impossible. Today’s bogeymen can become tomorrow’s national treasures, albeit usually only after they have been rendered harmless. Suppose that Corbyn was to make it unscathed to the general election. Suppose, too, that the country was wearying of the Tories and their endless austerity, and that the polls had begun to predict that the gap between the two parties was closing. The Conservatives and all their friends in the media would, of course, attempt to organise mass hysteria – but it might not work.

Corbyn has several obvious advantages over mainstream rivals, such as the fact that he is an entirely different breed of politician to those the electorate has, fairly or not, come to despise. He is modest and untainted by any whiff of scandal, and has held broadly consistent views all his life. Unlike many leftists he is not given to ranting or rabble-rousing. On the contrary, he has conducted himself well so far. A sustained campaign on affordable housing might even win him friends across the board in the south-east of England, where Labour most needs votes.

Yes, stretching the political elastic to its limit, a Corbyn government is just about conceivable. If so, we are in Harry Perkins territory. The gloves would come off. The “coup” in the novel is that the election of Perkins is greeted by a huge run on sterling orchestrated by Treasury civil servants. A leading trade unionist is persuaded to organise a power industry strike, leading to blackouts. Perkins is finally brought down after being blackmailed by M15 over a relationship he once had with a woman who worked to the boss of a nuclear power company with whom he had dealings when he was secretary of state for energy.

In this case it is unlikely that M15 would interfere. It has its work cut out keeping track of Islamists, and has been cleaned up since the scandals of the 80s. (“We’ve cleared out a lot of dead wood,” a Tory home secretary once whispered to me.) The Americans are also unlikely to interfere unless their bases were threatened. Phasing out Trident wouldn’t bother them – they were never keen on our so-called independent deterrent.

Like that of Harry Perkins (and Harold Wilson), a Corbyn government would have problems with the bankers and the Treasury. These days,with a floating currency, runs on the pound are difficult to organise, but the deficit (which, despite their promises, the Tories won’t have abolished) and the balance of payments could be talked up, and a crisis easily organised.

The media barons would be a problem too. Opportunities for mischief would be legion. If it were up to me, rather than meet them head on, I’d offer the Murdochs a deal: a much larger share of Sky in exchange for relinquishing their British newspapers. You never know, it might wash.

The tricky moment would come when things started to go wrong, as they do for all governments. A few bad polls, bad economic news, electricity blackouts, a blockade of oil refineries … at that point, our beloved leader would face a challenge from someone within his own ranks, perhaps in league with the enemy. Yes, I think I am beginning to see my way to a sequel.