Wednesday, 31 July 2019

A modest proposal to solve no-deal Brexit: insure all losses with the pensions of Brexit supporters

David Hayward's proposal to "solve no-deal Brexit" is pretty delicious: Her Majesty's Government need only insure all UK businesses and individuals against No Deal Brexit losses, and pay for it by issuing special "Great British Brexit Bonds" that No Deal supporters can voluntarily sink their entire pensions into.

These will be perpetual, nontransferrable bonds that pay out forever, in a sum that is indexed to post-No-Deal Brexit GDP growth. This means that all the elderly racists happy to have Bojo drive the country off the Dover cliffs need only stake everything they have to back their certainty that it will work out all right, and if they're right, they'll be handsomely rewarded for their prescience.

(Image: Dr Dunno/B3ta)