Brexit hit to London may top £9.5bn a year without EU financial services deal

Industry News | 10/02/21

London, at the heart of the UK’s service sector economy, may lose up to £9.5bn in economic output a year from Brexit.

And it could be worse if a post-Brexit deal on financial services doesn’t eventuate, research out this morning finds.

Financial services, which was carved out from the post-Brexit trade deal between the UK and the EU, may account for more than £2bn in lost GDP per year.

Source: CityAM