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Brexit Erased £140 Billion From UK Financial system, London Mayor to Say

London Mayor Sadiq Khan on Thursday will blame Brexit for costing the UK economic system £140 billion ($178 billion), calling on the federal government to “urgently” rebuild relations with the European Union to stem the decline.

Britain’s EU divorce has additionally meant there are 2 million fewer jobs nationwide than there in any other case would have been, together with 290,000 misplaced positions in London, in keeping with analysis by Cambridge Econometrics commissioned by Metropolis Corridor that the Labour Get together’s Khan will reference in a speech at Mansion Home. Half of the full job losses are in monetary providers and development.

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