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The Singapore-on-Thames delusion

The city-state is not the regulation-light model Brexiteers believe it is

By Guy de Jonquières  


I know Martin Sorrell, the advertising tycoon, has visited Singapore because I saw him at a conference there about 15 years ago. But you would never guess he had been anywhere near the Asian city-state from the gushing enthusiasm with which he—and many Brexiteers—lauds it as a model for Britain’s economy after it leaves the European Union.

“I look for a Singapore on steroids… a regulation-light, tax-light UK economy, open for business…

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