BBC running a story based on reports seen from the Bank of England 31 Oct

  • Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the EU
  • the Bank are using the number as a "reasonable scenario", particularly if there is no specific UK-EU financial services deal.
  • number could change depending on the UK's post-Brexit trading relationship with the EU but the bank still expects substantial job losses.

  • many jobs will move to the continent.

More from the Beeb's Kamal Ahmed :

The Bank of England has asked banks and other financial institutions, such as hedge funds, to provide it with contingency plans in the event of Britain trading with the EU under World Trade Organisation rules - what some have described as a "hard Brexit".

There have been a number of studies on the potential employment impact of Brexit.

A poll of more than 100 finance firms by Reuters suggested the number of job losses would be just below 10,000 in the "few years" following Brexit.

I understand the bank believes the 10,000 jobs figure is likely on "day one" of Brexit if there is no deal.

All to throw into the heady Brexit mix

Read all the story here