The Bank of England believes that Britain’s financial services industry might lose as many as 75,000 jobs after leaving the European Union (EU).
The figure is part of the bank’s “reasonable scenario” for the post-Brexit UK, where no specific financial deal is struck between the government of Prime Minister Theresa May and the EU, BBC reported Tuesday.
The report named Germany’s Frankfurt as the most popular destination for jobs leaving the UK, followed by French capital Paris, Irelands’ Dublin, Belgium’s Brussels and the Spanish capital Madrid being the other contenders.
The number is likely to change depending on the final trading the two sides agree upon, the report said, further warning that many jobs would still leave the country.
A recent survey by Reuters of firms the currently employ the bulk of workers in international finance showed that around 10,000 finance jobs were likely to leave the UK if it loses access to…