Project fear (the brexiteer version)

Top of the fear list this morning was the damage Corbyn would do to your pension if he became PM.

This ignores the damage Brexit itself would do to your pensions and pension pots.

We have been looking after our pensions for a few years now, and have found the things our money is invested in. Things like shopping centres. So each chain that goes to the wall, affects our retirement.

Not just the shares in these companies.

We have divested our interests in UK funds, not because we are betting against the UK, but any kind of Brexit will make UK investments shrink, and we hope to retire in a few years. If we can.

And another meme that circulated the Twitterverse this morning is that the UK could sell the fish we supply to the EU to someone else.

This is economically illiterate. Trade is based primarily on geography. You trade most with countries nearest you. It is a fundamental principle of trade. Meaning that the UK will have to face up to trading with the EU if Brexit is done, no matter what. There is no other trading bloc of 300 million people who would want our goods and services.

Even more fundamental is that the fish the UK catches, it exports mostly to the EU. The fish the UK eats it imports from the EU.

Maybe Farage knows this, maybe he just doesn't care.