Financial Times: The Impact Of Brexit On Financial Services
Sep 22, 2019
In a story on Brexit and its impact on jobs in financial services, FT Lex took a look at our research Brexit Impact on the UK-based Financial Services Sector.
It noted that back in 2016, we suggested up to 75,000 job losses in a worst-case scenario. On Thursday, however, only 1,000 investment bank jobs were reported to have relocated to other parts of Europe
It is important to note that our research highlights that the 75,000 figure could take years to transpire, and depends on a host of political, regulatory and tax decisions.
In a high access scenario our estimate is that 3-4,000 jobs are lost/relocated in the long-run.