Following the UK’s EU referendum, the British Ambassador to Japan, Tim Hitchens held a discussion forum with Japanese companies investing in the UK.
The Ambassador explained the timing for the selection of the next leader of the Conservative Party; and that the new Prime Minister would take forward the negotiations with the EU.
The Ambassador said he was keen to hear and understand the specific concerns of Japanese investors in the UK. He made clear that the UK would continue to offer an attractive location for foreign investment, with its strong economy, flexible labour market, highly skilled workforce, low taxation, and world leading R&D.
He said the UK Government would take very seriously its responsibility to ensure these key selling points were protected and strengthened as it decides the shape of its future relationship with the EU.
He urged Japanese businesses to make their views heard, especially regarding single market and deregulation, so that the British Government could take these into account.
While he acknowledged that he could not provide all the answers to the questions businesses will have, he promised to keep in touch with Japanese companies about developments in the months ahead.