I once asked my late grandfather if he hated Labour for seizing his haulage business in the 1946 "nationalisation." He replied that he was more annoyed with Margaret Thatcher for not sharing the proceeds of its reprivatisation. Asked why, he said "My neighbours and friends voted for it. I would have to hate them all. As for Labour, they were stupid Socialists who knew no better than to steal others' work. She is a Conservative who should have more respect for property rights. Therefore what she did was worse". Looking at the Daily Telegraph today, his words came back to me. I wonder why.