Hard Brexit 'could affect up to 75,000 financial services sector jobs'
The cost of a so-called "hard Brexit" to revenues in Britain's financial services sector could be as high as £38 billion, with up to 75,000 jobs in the firing line, a study shows.
The scenario in which British companies are unable to sell services across the European single market, outlined in a study commissioned by TheCityUK, would also see the Treasury lose up to £10 billion in tax revenue.
Sir Hector Sants, vice chairman at Oliver Wyman, which authored the report, said: "It is in everyone's best interests for there to be a positive outcome to the negotiations that is... read more
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