Philip Hammond said at the World Economic Forum in Davos that a second referendum could unleash “instability, populism and even Corbyn in Number 10” ANDY RAIN/EPAPhilip Hammond has warned business that undoing Brexit would be a national betrayal that could trigger a populist backlash with just as economically damaging outcome as the ones they fear. Any push for a second referendum could unleash “instability, populism and even Corbyn in Number 10”, the chancellor said, turning “Project Fear” back on to the business community itself. He promised to let them help shape Britain’s migration policy, including changes to the £30,000 salary threshold, if a deal is struck. But he called for patience with the negotiations, reminding bosses that the European Union has a track record of making concessions only at the last moment. There are only 64 days left before the UK leaves the European Union and Theresa May’s deal is…

Source: The Times January 24, 2019 17:08 UTC