This kind of bluntness from a Japanese diplomat is basically unheard of. What on earth has the UK government done to piss them off that much?!!!
Reuters – Japan warns on Brexit: we cannot continue in UK without profit
Japanese Government – Japan’s Message to the United Kingdom and the European Union (pdf)
It’s not that bad, figuratively speaking.
As soon as UK leaves EU, they would drop regulations, allowing lower wages, lower safety standards, lower living standards – and higher personal taxes. (They are pretty much openly talking about all that – except taxes. But higher taxes is the obvious collateral.)
They would have to – because outside highly-qualified workforce, UK doesn’t have any other advantages.
Thus they would be forced to exploit to the fullest whatever few advantages they have.
Big business would love it. I guarantee it.
Yeah, there are great opportunities for a few selected individuals. But I think the real money will be in selling off services, such as the NHS. If you read the document of the Japanese government, it becomes quickly obvious that lowering wages will not do much good.
The UK wants to build this narrative that it is all about tariffs and trade deals. According to the famous Deloitte study, 7% on parts. While in reality, this is the least of the problems facing manufacturing if they lose single market access.
… and so on, and on, and on.
I could continue, but I think you get the picture.