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would be the only major economy to shrink this year. and it is a mirage. as noted in the ft in november, britain is starting to look more and more like a pail imitator of europe. post-brexit, they have presided over significant tax hikes an the budget on wednesday included a rise in the corporate tax rate from 19% to 25%, by 2028, the tax burden, the tax revenue as a proportion of gdp will be risen to nearly 38%, up 5 percentage points from 2016. according to the u.k. office for budget responsibility, this will make the tax burden britain's highest since world war ii, spending will rise to the highest levels since the 1970s. the other great mirage of brexit was that would it lower immigration. in the years before brexit,