Patterson lives on another planet. Does he realise over 82% of Singapore's housing...

is state owned with strictly regulated rents? It's all a bit 'cat out the bag' from Brexiteer's frankly.

If we are to thrive, our post-Brexit model should exactly be Singapore, a tiny country devoid of natural resources but with a booming economy and an average life expectancy of 85. In 1980, Britons were 20 per cent richer than Singaporeans on average; today they are twice as rich as us.

My proposition is simple. There is not much point leaving the EU and its bureaucratic jungle of regulations, only to run our economy on precisely the same lines as before. Regardless of whether it smooths the path to a deal with Barnier, what is the point of Brexit (at least economically) if we shackle ourselves to high-tax, high-spend policies endemic in the EU?

In France, Sweden and Denmark, the state spends more than 50 per cent of GDP, with corresponding high levels of personal and business taxation. We are in better shape – but not much. Our government spends about 42 per cent of GDP and our tax burden is firmly in the middle of the EU pack.

There is another way – set out by Economists for Free Trade, chaired by Patrick Minford ... Minford and his team have tweaked the Treasury forecasting model to reflect the reality of trade flows and come up with a far more optimistic outlook for Britain. They predict a surge in UK growth through the 2020s

Posted By: DrDublin, Nov 21, 11:23:50