If you took a look at a chart of the FTSE 100 index this year, I doubt you could identify the day on which the EU referendum was announced.

It made no impact then or afterwards. Instead, British shares have moved up and down in perfect tandem with other stock markets around the world. But, of course, this could change. So what should investors’ tactics be ahead of June 23?

For each of us, it depends on our personal view of three questions. The first is: would a vote to leave cause significant reductions in British growth and trade, as forecast by the Treasury, the International Monetary Fund and the Bank of England?