BoE’s Woods: 75,000 Brexit job losses ‘plausible’

Sam Woods
PRA chief Sam Woods
Bank of England

The UK could see as many as 75,000 financial sector job losses under a particularly severe Brexit scenario, the Bank of England’s deputy governor for prudential regulation warned today (November 1).

Sam Woods told a parliamentary committee of the UK’s House of Lords that the estimate was one compiled by consultancy Oliver Wyman and not the BoE. Nevertheless, he added: “I would say that in terms of a long-term possibility, as one among many scenarios, I regard that as within the plausible range.

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