After the wild gyrations of January, February was a quieter month with the unaudited NAV of Athelney Trust and the three relevant benchmarks barely altered. Which gives me the space and opportunity to have another rant about Brexit. Perhaps the biggest issue in the 23 June referendum is the question of whether 43 years in the EU has helped or hurt the British economy.

Britain joined what was then the EEC in 1973 as the sick man of Europe. By the late 1960s, France, West Germany and Italy, the three founder members closest in size to the UK, produced more per person than we did and the gap grew bigger every year. Between 1958, when the EEC was set up, and Britain’s entry in 1973, GDP per head rose by 95% in these three countries compared with only 50% in Britain. After becoming an EEC member, we started to catch up so that GDP per head has grown faster than in Germany, France and Italy. In 2013, Britain became more prosperous than the average of the three other large European economies for the first time since 1965. For almost half a century, Britain has benefited from a greater openness to world markets, which has fostered greater economic dynamism.

Economists have demonstrated again and again that the main cause of the change was membership of the EU which brought with it gains from trade, foreign direct investment, competition and innovation. Surely there are enough challenges in running a business these days so why would you vote to put yourself in a more difficult position?