This letter from Japan is important signal. Imagine similar signals from other non-EU trading partners. Then factor in the risk to trade with the EU if the UK presses hard for restrictions on EU migrants. The realities of the EU challenge are now getting clearer.
So far, the UK has not suffered but the short-term challenge was about confidence rather than substance. The medium/longer term challenges are much more substantial – factor in fear and uncertainty – and the UK government has some serious negotiating challenges ahead.
I was a passionate Remain advocate. I am still of the opinion that the UK will suffer severe economic damage from Brexit and I fear there will not be a serious break in immigration too.
The photo is a Toyota plant in the UK with cars for transshipment across the EU.
Surely it’s time for realism to prevail?