SEIZE THE MOMENT: Johnson and Gove urge May to turn UK into 'Singapore of Europe'

Posted on Nov 19 2017 - 6:49pm by admin

The Foreign and Environment Secretaries hinted Brexit would make the UK a more dynamic economy that develops stronger relationships with countries beyond Europe. 

And now Mr Johnson and Mr Gove have revived debate that Brexiteers would like to see the UK develop a ’Singapore-style’ economy by reducing red tape in their secret letter hand-delivered to the Prime Minister. 

Singapore is often seen as a successful, open country with a strong financial service sector, which has a global network of trading relationships. 

And it appears Boris Johnson and Michael Gove are eager to replicate its success. 

They wrote: “We may choose to remain identical to the EU or we may embrace a vision more aligned with pro-competitive regulation. 

“Other countries must know this choice is in our hands, and they must know it on day one. 

“Our tax system is hugely complex after the long years of the Labour government. 

“There will be huge savings from reducing the burden of compliance. We need to identify such areas as the responsibility of individual Cabinet Ministers and submit them to a process that produces action.” 

Leave A Response