Welcome to Coffee House Shots for Spectators' Daily Politics Podcast. It's the end of the Labour Party conference and we're now preparing for the Conservative ones. So what have been the lessons learnt and how does Jeremy Corbyn's week up in Liverpool set up with Tories for their week in Birmingham? I'm Fraser Nelson and I'm joined by James Versaith, our political editor,

and by Brandon Lewis, the chairman of the Conservative Party. So James, Labour, of course,

a tale of utter confusion and chaos in the Brexit strategy, but generally speaking, we ended the

week with Jeremy Corbyn and John Macdonnell coming out with pretty radical ideas, getting

given huge, almost rapturous reception by the audience. Jeremy Corbyn and John Macdonnell coming out with pretty radical ideas, getting given

huge, almost rapturous reception by the audience they've got there. I'm trying to work out

if the Conservatives are going to be encouraged or discouraged by what they've seen up on Liverpool.

I think the challenge to fall for the Tory Party is that Jeremy Corbyn's conference speech

was designed to sound like common sense,

a relatively moderate, actually disguising some very radical ideas.

So he talked about, you know, he wants inclusive ownership funds so that workers should share

in the most successful businesses.

That sounds like something that most people have they heard that in the news would say,

that sounds fair enough.

What he doesn't say is what I'm actually talking about is every year the government confiscating without compensation

1% of a company's equity. So the challenge then becomes the Tories to unpick something that sounds

quite popular. You know, free childcare for everybody, two, three and four year old, you know,

maximum price you have to pay for that £4 an hour. All sorts of things that sound popular. And the Tories then have to sound like

the Grinch explaining why you can't have it or defending businesses, lots of which, as David

Linden says, an interview of us, are not making themselves easy to defend because they're

paying their CEOs so much money. I think that is the kind of challenge.

And then I think on Brexit, Labour actually ended up in quite a clever position because Jeremy

...