More evidence that 2017 will be a crucial year for Brexit.
Urgent Brexit deal needed to avert banking job losses, peers to warn
Tens of thousands of banking jobs could be lost to continental Europe starting from next year if ministers do not agree a transitional deal with the EU, a Lords report on financial services after Brexit is expected to warn.
Peers on the committee, due to report on Thursday, have been struck by the urgent need for financial institutions make decisions on their location because they cannot wait until 2019 to find out if they can access the single market from London.
The committee has been given a range of estimates of the likely job losses across the financial services sector including a claim from Ernst and Young commissioned by the London Stock Exchange that 200,000 UK jobs are at stake.
https://www.theguardian.com/politics...-peers-to-warn