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11th October 2018, 20:12

UK Financial Services sector is set to lose five thousand jobs to Europe by end of March 2019 according to Bank of England

The UK Financial Services sector is set to lose five thousand jobs to Europe by the end of March 2019. This is the Bank of England’s estimate which has now been backed by Britain’s Financial Services Minister. John Glen told the House of Lords Committee on EU financial affairs tuncertainty in the city is taking its toll, but gave assurances that he was doing everything possible to ensure the City maintains its place as a major global financial centre.

Meanwhile the DUP has warned it will withdraw its support for the Government if its Brexit red lines are crossed.