The International Business Times reported today that a PricewaterhouseCoopers study has estimated that as many as 100,000 financial service jobs could be lost by 2020 if the UK leaves the European Union. This would cause a £12bn loss to the British economy, which is 50% more than the £8.5bn the UK pays to belong to the EU. The impact would not be limited to the southeast: TheCityUK, an organisation that represents the industry, has stated that two thirds of the 2.1 million jobs in the sector are not in London. With financial services representing 12% of the gross domestic product, Brexit could deal a hammer blow to the economy.
Printed (hosted) by Prater Raines Ltd, 98 Sandgate High Street, Folkestone CT20 3BY
Published and promoted by Liberal Democrat European Group, Bridge View, New Road, Instow, Bideford, Devon, EX39 4LN
The views expressed are those of the publisher, not of the service provider.
Website designed and developed by Prater Raines Ltd, with modifications by Liberal Democrat European Group