Bank of England believes Brexit could cost 75,000 finance jobs. Tories talk rot about it

Last Updated: October 31, 2017By

[Image: AFP.]

Wasn’t it fun watching little Matty Hancock doing his best to dissemble on this subject on the BBC’s Daily Politics?

Those of us on Twitter seemed to think so:

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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One Comment

  1. NMac October 31, 2017 at 2:32 pm - Reply

    The irony of this is that most of those 75,000 jobs would overwhelmingly involve Tory voters.

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