As the Brexit negotiations proceeded, the Last Laugh Looney Party Island Republic began to be noticed by other smaller countries. Monaco had always had difficulties establishing itself as an independent country within the EU and therefore voluntarily offered to join the LLLP Island Republic. Negotiations over the issues were smoothed by the fact that many older British millionaires lived in Monaco. Thanks must go particularly to Ringo Starr and Dame Shirley Bassey who were delighted to be back in Britain again now that it was tax-free.
There was however one significant problem. The LLLP were less keen to accept Sir Philip Green as a resident. It was finally agreed to accept him in exchange for his £500m yacht which would be used in future to provide luxury holidays for older pensioners around the Mediterranean. The old sailor David Freeman has been appointed Captain of the newest Last Laugh Looney Party yacht. Sir Philip Green remains on the yatch working in the boiler room.