However, in an apparent endorsement of the Remain camp’s tactics – dubbed “Project Fear” – he said: “It should be about what we fear. Fear is a valid emotion. Fear of what happens if we leave, fear of what happens if we stay. You can understand why that really matters. Fear is legitimate.”
Previously, the Church of England’s money chiefs – the Church Commissioners – were understood to have given a Brexit their blessing by confirming that their significant investment portfolio, worth £8.5 billion, would not be affected by Britain leaving the EU.
This was despite claims of “an economic shock” made by Chancellor George Osborne and other senior pro-EU government figures.