Brexit will make a bad recession even worse | William Keegan

The Tory leadership contenders are pursuing a dangerous nirvana of low taxation while ignoring the damage inflicted by leaving the EU

Britain is rapidly entering its worst economic crisis since the 1970s, but it is a crisis hardly discussed by the two rightwing Conservative politicians vying for the premiership.

The National Institute of Economic and Social Research (NIESR) and the Bank of England have both pronounced that we are entering a recession that could last for much of next year. This will serve to aggravate already serious economic, industrial and social problems, with goodness knows how much public unrest.