Brexit Threatens 10% of London’s Financial Jobs
Friday, 12 23 2016, Category: Insurance and Reinsurance, Country: United Kingdom
Up to 10 percent of jobs in London’s financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday.
Bankers first called for full access after June’s vote to leave the European Union but such hopes have now faded, leaving the sector to call for a transitional deal to ensure a smooth switch to Britain’s new trading terms with the bloc.
Source: Insurance Journal