Labour can no longer hide from the cost of Brexit

Labour would fight the 2024 general election saying as little as possible about.

But, having secured victory, the pressure would build for a more ambitious policy of moving closer to Europe .

By the time we got to the next election in 2028 or 2029 , I argued, it would once again be a major issue.

Bank of England governor Andrew Bailey said “we must be alert to and welcome opportunities to rebuild relations” with the EU while “while respecting the decision of the British people”.

But the governor of the Bank of England’s intervention is evidence that the economic damage caused by Brexit cannot be ignored. By the time we get to the next election, any political party that is serious about growth will have to address it..