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What is the meaning of Singapore-on-Thames?

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Emulating the wealthy city state comes with many pitfalls. For one, as Singaporeans know, going it alone means being more vulnerable, writes Jeevan Vasagar, former Singapore correspondent for the Financial Times. read more

1965 Singapore split from Malaysia in a similar way to how the UK now plans to split from the EU. Singapore went on to make a great economic success which very few would have predicted at the time of the big split. Some people are hoping that the UK can make itself a “Singapore-on-Thames” style success story out of Brexit. read more

But there are two problems when it comes to adopting this model. The first is that Singapore’s freedom to decide does not automatically bring economic benefits. Curbs on foreign labour mean Singapore’s restaurants and retailers now face higher costs and squeezed profit margins. read more

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Source: ibtimes.co.uk