Bank of England believes Brexit could cost 75,000 finance jobs. Tories talk rot about it
[Image: AFP.]
Those of us on Twitter seemed to think so:
"I've learned never to make economic forecasts" says Matt Hancock…….then makes an economic forecast. #bbcdp
— Briefcase Michael (@BriefcaseMike) October 31, 2017
Matthew Hancock says 'there's been investment since referendum.'
Names three companies who owe billions in tax.
Investment? 🤔
— Bernie Banter (@BanterBernie) October 31, 2017
Anyone else get the impression Matt Hancock is lying through his teeth…?
— Tricky | #FBPE 🇵🇸 (@Tricky_1) October 31, 2017
Only every time we see him.
The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain’s departure from the European Union.
The BBC understands senior figures at the Bank are using the number as a “reasonable scenario”, particularly if there is no specific UK-EU financial services deal.
The number could change depending on the UK’s post-Brexit trading deal.
But the bank still expects substantial job losses.
Source: Bank of England believes Brexit could cost 75,000 finance jobs – BBC News
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The irony of this is that most of those 75,000 jobs would overwhelmingly involve Tory voters.