Jeremy Corbyn – a fate worse than Brexit

Many people claim to be worried about the effects of a no-deal Brexit. But there is a much more serious threat to Britain, says Merryn Somerset Webb: a Jeremy Corbyn government.

Jeremy Corbyn © Ian Forsyth/Getty Images

(Image credit: Jeremy Corbyn © Ian Forsyth/Getty Images)

We have heard a lot over the last three years about the number of businesses making contingency plans to shift their headquarters from the UK and into somewhere inside the EU because of Brexit (nad actually doing it of course). We hear less about businesses making similar contingency plans to do the same in the event of the election of a Corbyn led government or a Labour government with a different leader but similar policies.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.