Brexit could see 75,000 financial services jobs lost

brexit-jigsaw

Reports suggest that the Bank of England believes that many London roles could go overseas if there is no Brexit trade agreement in place.

The Bank of England believes 75,000 roles in financial services could be lost following the UK’s exit from the European Union according to reports.

According to BBC economics editor Kamal Ahmed the Bank is using the figure as a “reasonable scenario” which would be particularly relevant if the UK exits the Union without a deal in place.

The report noted that many jobs could move to the continent. It is unclear how many of the roles would relate to insurance.

Hubs
A number of insurance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: