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With a Brexit transition deal, UK financial sector “will not be hit as badly as feared”

Saturday, August 11th 2018 - 21:37 UTC
Full article 2 comments

The UK financial services sector will not be hit by Brexit as badly as feared, London's Lord Mayor has said. Charles Bowman told website Politico between 5,000 and 13,000 jobs could go by the UK's departure on 30 March 2019. The figure, which assumes the UK will secure a transition deal, is based on public Brexit job announcements by City firms and internal staff analysis. Read full article


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  • Islander1

    Lets put this into true perspective- Since the Brexit Vote the number of financial jobs in the City of London have actually Increased by this number despite all the Brexit kerfuffles - so in reality there may be No decrease in numbers from pre Brexit levels.

    Aug 13th, 2018 - 06:42 pm - Link - Report abuse 0
  • Rory

    Even if there is disruption following a WTO Brexit, the impact on the remaining EU member states will be such that Brussels will have to return to the negotiating table to preserve tens of thousands of jobs in the Low countries, France and Germany. This may act as a corrective to the all-too manifest arrogance of the Gravy Train beneficiaries who enjoy the high life in the European Commission. It may also end the cringing obsequiousness of HMG civil servant negotiators that replaced the more robust Brexit Secretary David Davis at the table.

    Aug 15th, 2018 - 03:03 am - Link - Report abuse 0

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