A couple of years ago, Britain lost patience with the local mismanagement of the Turks & Caicos Islands (a UK colony, as is Cayman), suspended the Constitution, and imposed direct rule from London. That seems likely to happen to us, soon, for the same reason. For such a thing to happen in one of the world's richest international tax-havens will be an extraordinary event.
The subject deserves a special report on my blogsite, and I will get around to doing that shortly. Meanwhile, anybody who is interested in the situation should pull up my blogpost of 7th September, titled "A day late and a dollar short (the FCO and Cayman)". Posts on 31st July and 8th August about our fiscal mess are also relevant.
What a mess my island home has gotten itself into - really! (Well over half of our population are expatriates, including a few thousand Brits.)