Tag: Sam Woods BoE

• Thursday, November 2nd 2017 - 08:49 UTC

  London could lose 75.000 financial services jobs by 2019, when UK leaves the EU

  

  The Bank of England expects Britain to lose up to 75,000 financial services jobs in the years after its departure from the European Union in 2019, the BBC reported. London dominates global currency trading and is Europe’s main finance hub.

• Thursday, October 5th 2017 - 10:07 UTC

  Bank of England's countdown for a Brexit transition deal: Christmas

  

  United Kingdom and Europe must agree on a Brexit transition deal by Christmas or risk banks triggering their contingency plans, the Bank of England has warned. Deputy governor Sam Woods said that while the UK is committed to a implementation period, the EU's position “is not yet clear”.