Equity investors can start cheering when ‘Marmite Man’ does a U-turn

Theresa May has given the ‘lead’ Brexiteers as much rope as they need to ‘make a success of Brexit’, but their failure may lay political fertile ground for another referendum

You may have no direct economic interest in farming. So you probably missed Ireland’s EU commissioner speaking to the Oireachtas agriculture committee ten days ago. One of Phil Hogan’s messages on Brexit had relevance for all of us.

His remarks clarified earlier ones from the EU commission president, Jean-Claude Juncker: “The Brexit Britain wants will be very costly.”

“It will be hard Brexit or no Brexit,” said Hogan.

British voters did not explicitly ...