Certainly not black (for a live conductor)! And, no, not red, either, for me (assuming that it's a black or grey conductor we're oversleeving, as per OP). I don't know if it's what everyone does, but, in mixed-colours installations, I always oversleeve as appropriate to the 'base colours' of the cable concerned. Hence, if I had two cables coming to a two-gang switch, one red/black and the other brown/blue, I would oversleeve the black with red and the blue with brown. Is that not what others do?Not red & black?Having said that (and not the least because I don't have any dealings with any all-harmonised-colours installations), I would personally always utilise (small bits of) brown oversleeving, 'just to be sure'.
The wording could certainly be such as to make it much more likely that a 'lay' person understood. For a single-phase installation, explicit mention of red/black vs. brown/blue would have instant meaning to such a person, whereas 'colours to two versions of BS7671' almost certainly wouldn't. It could even include information on the correspondence bewteen red/back and brown/blue.Might it not be be difficult to come up with wording which would impart the message in a way which would be understood by somebody whose grasp of electrics was so flaky that they thought that L & N could be the only conductors going to a switch?The problem with the two-colours 'warning notice' is, IMO, that those who might possibly benefit from the warning will almost certainly not have a clue as to what is meant by "...wiring colours to two versions of BS7671". If we are to have such warning lables, they should (again, IMO) at least be worded so as to be understandable by those who most need to be 'warned'!
Kind Regards, John