Hard Brexit 'could cost financial sector £38bn'

Hard Brexit 'could cost financial sector £38bn'

The financial industry could lose £38bn if the UK quits the single market, a report commissioned by a group lobbying on behalf of the City has said.
The report, commissioned by TheCityUK, also said up to 75,000 jobs could go.
The sector is concerned at the prospect of a so-called "hard Brexit", with the UK leaving the EU single market in order to regain control of immigration.
On Sunday, the Prime Minister said "we are not leaving the EU only to give up control of immigration again".
Her comments helped to trigger a fall in the pound, which dropped to a 31-year low... read more

5 October 2016 in Business, Views: 42
Source: BBC

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