The Bank of England has said losses of up to 75,000 financial services jobs could be a "reasonable scenario" following the UK's exit from the European Union, particularly if the result is a 'no-deal' Brexit.
According to the BBC, senior figures at the BoE said the number could change depending on what type of trading deal Prime Minister Theresa May is able to achieve post-Brexit. However, it still expects the UK to lose jobs to the continent. In April, the BoE ordered financial firms to draft Brexit contingency plans for the potential range of outcomes, including a hard Brexit. CFA UK: Half of City's EU workers could leave after Brexit The letter said: "The main purpose of this letter is to ensure that all firms are making, and stand ready to execute in good time should the need arise,...
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