Global Banks Fight Back on Brexit, Warning $51 Billion at Stake

  • TheCityUK lobby group’s report says 70,000 jobs are at risk
  • As much as 10 billion pounds in lost taxes on the line

Why a Hard Brexit Would be Tough on London City Jobs

Britain crashing out of the European single market could cost banks and associated businesses in the U.K. almost 40 billion pounds ($51 billion) in lost revenue, undermining a key sector of the economy, an industry report warned on Tuesday.

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