In the EU campaign, it turns out tax DOES have to be taxing…

Financial issues could become the weakest card for Remainers, where previously it was their strongest.

Most obviously, as well as being politically embarrassing, the PM’s tax arrangements could give a kick in the shins to the Remain team’s EU referendum campaign. For the next few weeks, anything that further undermines trust in the political establishment is going to make it harder for that establishment to win the plebiscite.

More subtly, a number of negative economic stories started to gain traction over the weekend – with notable examples including fears for Germany’s industrial base and reports of a new bail-out fund being needed to shore up Italian banks.

If people doubt the economic case for voting to stay in the EU, the Remainers may end up wishing they had pushed the emotional case earlier and harder…

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