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No deal Brexit could cost Great Britain 750,000 jobs

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[box type=”info” align=”” class=”” width=””]by Martin Armstrong

A new report from the UK Trade Policy Observatory and the University of Sussex has put hard numbers to the potential impact of a no deal Brexit on British jobs. In the country as a whole, it is estimated that almost 750,000 jobs will be lost as a result of a no deal exit from the EU, representing 2.5 percent of all jobs in Great Britain. Worst hit, not only in terms of the absolute figure, but also the share of jobs being hit, is expected to be London. The almost 150,000 positions to go would equate to 2.9 percent of all jobs. Wales is seen to be the least at risk, proportionally speaking, with a slightly less daunting 2.2 percent of jobs forecast to go.

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