Osborne warns 'tens of thousands' of financial jobs at threat from Brexit

Latest Treasury figures

Anna Fedorova
clock
Photo: HM Treasury
Image:

Photo: HM Treasury

Chancellor George Osborne has said Brexit would put "tens of thousands" of financial services jobs under threat, in his latest bid to convince the British public to remain in the EU.

Analysis from the Treasury claims 285,000 jobs in this sector are connected to financial services exports to the European Union. Of this, 100,000 jobs are directly linked to the EU, while another 185,000 rely on indirect demand coming from this link. Quoting this statistic, the Chancellor said leaving the single market "would be catastrophic for jobs and income", adding everyone in the industry "who know what is at stake [must] speak up". Brexit round-up: BoE tests water for rate cut if UK votes 'out' "Tens of thousands of jobs in financial services and connected industries woul...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot