A secondary annuity market is toast.
Look closely at the markets, they tell a story.
You can see the shape of the deal that the right would accept.
Brexit has overturned the City of London's financial towers.
You need businesses to create jobs, and businesses are nervy.
Most economists expect that Brexit will hurt UK growth over the next few years.
Investors and pension savers have taken the initial hit, but cash savers could lose out too.
First-time buyers could have a chance to buy in Brexit Britain, but only if they have a good job.
“The Bank has put in place extensive contingency plans.”
In short: no. And agricultural subsidies, development funding for poorer areas and scientific research wouldn’t disappear in the event of Brexit, so the UK government would still bear those costs.
Labour needs to focus on the economic cost of Brexit, not make promises they can't keep.
We notice you have ad blocking software enabled. Support the New Statesman’s quality, independent journalism by contributing now — and this message will disappear for the next 30 days.
If we cannot support the site on advertising revenue, we will have to introduce a pay wall — meaning fewer readers will have access to our incisive analysis, comprehensive culture coverage and groundbreaking long reads.