Monday, 10 December, 2018

A Brexit with no Deal May Cost 482000 Employment Opportunities

Deloitte found a hard Brexit would put the brakes on German suppliers revenues Deloitte found a hard Brexit would put the brakes on German auto suppliers' revenues
Laurie Berry | 13 January, 2018, 17:01

London Mayor Sadiq Khan said Britain would be shunted into a "lost decade" of low investment with hundreds of thousands of lost jobs if it fails to agree a trade deal with the EU. And then came a report from recruitment firm Morgan McKinley claiming that London finance job vacancies fell 37% year-on-year in December, plus a Cambridge study warning that 87,000 fewer jobs will be created in London in the event of a "hard Brexit".

Britain will not pay the European Union for access to its financial services market after Brexit, a spokesman for Prime Minister Theresa May said on Thursday.

London's chief digital officer, Theo Blackwell, said: "London's science and tech sectors are some of the most innovative and exciting parts of our economy and are the rival of anywhere in the world for their dynamism and creativity".

"Brexit clobbered the City's workforce in 2017".

Lloyd Dorfman, chairman of "click and collect" parcel service Doddle and a member of the mayor's Business Advisory Board, said: "This report makes for worrying reading".

President Trump's Africa, Haiti remark criticized locally
Mark Harris from culture website Vulture added: "I'm looking at the word "S***HOLE" on many different channels right now". Some believe the president's most recent comments may have made a deal almost impossible.

The Chancellor made the comments in an interview with German newspaper Welt am Sonntag in which he branded the EU's approach to trade talks as "backward-looking". But for God's sake, give us a bit of an idea of what you want.

The Labour mayor was a strong supporter of the remain campaign and has since vigorously argued for the United Kingdom to stay in the EU's single market and customs union, or for London to be granted its own deal, especially on maintaining rules on banking and financial services.

But this is not a precise forecast, and there remain many factors that could change these scenarios for better or worse - not least the precise details of any deal negotiated with the European Union, or other countries.

Cambridge Econometrics also forecast that the worst-case scenario would lead to the largest drop in immigration, allowing the government to reach its target of under 100,000 arrivals from 2020 onwards but hitting productivity.

"The analysis concludes that the harder the Brexit we end up with, the bigger the potential impact on jobs, growth and living standards".

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