It’s not too early to tell that Brexit would be a disaster

Leavers may talk about the long term, but the damage to British life and institutions is already painfully apparentWhen the Bank of England was celebrating the 20th anniversary of becoming independent last year, I was asked whether I agreed that, notwithstanding my initial doubts, independence had proved a success.I replied that it was too early to tell. This was an echo of a widely misunderstood quotation from the Chinese prime minister Zhou Enlai, who, when President Nixon asked him what he th