From here
"Our trade deficit might make some EU countries reluctant to risk tariffs by cutting us out of the single market completely. And an implicit threat to turn Britain into a low-tax, loosely regulated competitor on the EU’s doorstep might concentrate minds on striking a deal."
In truth that is exactly what we need. In fact everyone everywhere needs. Low taxes and a whole lot less regulationism. The writer seems to think that this something to be bargained away. Which is worrying for post Brexit UK and liberty.