Brexit could see 75,000 financial services jobs lost
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.
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