Brexit could cost London 9,000 banking jobs
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
You are now subscribed
Your newsletter sign-up was successful
The largest global banks plan to move about 9,000 jobs from London to continental Europe over the next two years, according to statements that have been made since the Brexit vote. Among the companies considering the move are Standard Chartered, JPMorgan, and Goldman Sachs. While those 9,000 jobs represent just 2 percent of London's finance jobs, Britain's tax revenue would suffer from losing high-income taxpayers. Some analysts believe that loss of tax revenue could result in the rest of the population paying more in taxes.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.