Worse than all the years of the financial crisis.
Up to 80,000 banking and finance jobs could be moved from London to other centres in Europe in a job exodus worse than all the years of the financial crisis because of Brexit, according to the Boston Consulting Group.
They said London could be drained of 20% of jobs, worse than the 55,000 jobs lost in London's financial sector during the years of the financial crisis between 2007 and 2010.
Banking jobs including international payments transations, investment banking and trading are likely to be affected, BCG said.
Insurance, pharmaceutical and biotechnology jobs could also go, the company said.
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