Brexit's Broken Promises: UK Faces High Taxes, Economic Struggles As Singapore-on-Thames Vision Fails to Materialize
• The post-Brexit vision of a Singapore-style low-tax, lightly regulated UK economy has not materialized, with the UK now heading towards its highest tax burden since WW2 • Brexit champions failed to deliver on their promises of renewal, over-promising and under-delivering • Liz Truss' short-lived premiership was a humiliating episode demonstrating the fantasy of Singapore-on-Thames • Closer links with the EU seem inevitable given global dynamics, although the perfect sovereignty envisioned by Brexit supporters will be diluted • The UK's weak public finances leave little room for maneuver, with the economy continuing to struggle from one crisis to the next