To compete after Brexit the UK needed to break with the status quo and that most likely meant, as many Brexiteers suggested, going for low tax low regs. Indeed, if the level of taxes and regulations in the UK is the same as in the EU then why setup a business in the UK rather than in the EU?

We see that the current government is unwilling to go down that path, although Covid did throw a major spanner in the works of public finance, so the country is almost guaranteed a slow (or not so slow) decline.

This is not about whether I think Brexit is good or bad, but it did happen and that changes what the country can and should do in order to prosper under those new conditions.