04-01-2017, 08:32 AM
The lobby group TheCityUK calculates that financial and related professional services employ more than 7% of the UK workforce, not just in London, and produce nearly 12% of the UK’s total economic output. The City generates a trade surplus of £72bn, which means it sells more services abroad than in the UK.
Every day rumours swirl about which bank – usually an American one – intends to shift hundreds, or thousands, of staff abroad in preparation for Brexit. Forecasts for jobs at risk range from about 30,000, by the Brussels-based Bruegel thinktank, and 232,000, by the London Stock Exchange chief, Xavier Rolet.
Betting the house? How Brexit gamble could bring down the City | UK news | The Guardian