[heero_yuy]

Quote from Politico:


The U.K. financial services sector could suffer as few as 5,000 job losses as a result of Brexit, according to a new estimate by the City of London Corporation — far lower than the industry had initially feared.

The figures come from an internal City report, to be released in September. In an interview with POLITICO, Lord Mayor of the City of London Charles Bowman said the analysis estimates that between 5,000 and 13,000 jobs will have gone by the U.K.’s leaving date of March 30 next year.

That is far lower than most previous estimates. In a widely cited report published in 2016, Oliver Wyman estimated that industry job losses could eventually be as high as 75,000 with banks and other institutions forced to move large numbers of staff to locations in the EU27. Xavier Rolet, the former chief executive of the London Stock Exchange, predicted job losses of over 200,000. But the Bank of England has estimated Day One job losses of around 10,000 in the case of a hard Brexit.

Another false prediction by project fear, joining the trash heap of their other predictions.