The Waugh Zone October 12, 2016

The Resolution Foundation warns Brexit could hit the wages of the low paid, and the FT reports that Russia’s VTB bank has become the first big lender to say it will quit London because of Brexit instability. As for the plunging pound, we may have seen nothing yet. There’s chatter, just chatter, that at the point we trigger Article 50, the UK may have to impose capital controls to prevent the ‘fright-flight’ of capital overseas….

Article source: