Brexit will soon cost Britain 12,000 jobs in finance Article | goods

London, July 24 (TASR) – Brexit will cost Britain about 12,000 jobs in the financial services sector and much more in the long run in the short term. Catherine McGuinness of the Financial District of London said Tuesday in a parliamentary commission on the departure of the European Union from Britain

.The lower limit of the estimate relies on the loss of 3500 jobs for EU countries, said McGuinness. More than 2 million people work in financial services in the UK, including 396,000 in London

"We do not expect a large number of brexodes in the first round, but in the long run, depending on how things are done. pass, we can see that "

Banks, insurance companies and asset managers based in the United Kingdom open their offices in the EU before leaving the block in March 2019 in order to continue to offer their services

. The city has so far confirmed the transfer of 1,600 jobs on the continent. London's financial district was disappointed when the British government abandoned its preferred option of mutual recognition of rules in a future trade deal with the EU

Britain asked for access to financial services based on a more acceptable version of the equivalence system. (19659002) The EU refused mutual recognition and also said that it would not adapt its equivalence system as Britain wanted

"We can all see that this "

Huw Evans, managing director of the Association of British Insurance Companies, said that the choice of a form of equivalence would risk that Britain would become a "recipient of the rules", so it should continue to copy the rules of the EU by exchanging for access to its market after brexite [19659002] Legislators have also expressed doubts about the proposal of the British government , White paper in which London requires full access to its products, but less access to services in the EU market in exchange for greater flexibility to rule out rules blocking