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Richard J Murphy
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Comments by "" (@lonevoice) on "Keir Starmer says he wants a bonfire of red tape?" video.
The Tories had a dream of creating a "Singapore on Thames" but it looks like Starmer may want to take over their mantle.
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@Redf322 Yes I have seen that and it is scary. Not sure that this was the whole reason behind Brexit. I think that the proposed EU anti-tax avoidance directive played some part.
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@GhostOnTheHalfShell My understanding is that Singapore is still regarded as a tax haven with minimal public services.
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@GhostOnTheHalfShell I am not convinced about Singapore. Low taxes and decent public services don't go together.
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@GhostOnTheHalfShell I accept that Singapore may have an extensive public housing sector, although I am surprised. If taxes are low and government is providing a good level of public services then Singapore is either creating lots of new money or Singapore debt is increasing. If money is being printed then interest rates will almost certainly be rising but they aren't. I can see however that Singapore debt is increasing. Since 2022 Singapore debt has increased from 143% of GDP to 174% now.
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@GhostOnTheHalfShell Thanks but this isn't going anywhere so I will finish.
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