The City is expected to lose up to 5,000 financial services jobs before the UK leaves the EU in March 2019 , according to the City minister , John Glen . "Today we are publishing two consultation papers to ensure that in the event the UK leaves the EU in March 2019 without an implementation period, we have a robust regulatory regime from day one, and to ensure a smooth transition for EEA firms and funds currently passporting into the UK." Addressing a House of Commons committee , Glen told MPs that while he was doing everything possible to prevent the exodus , he disagreed with a Bank of England projection that 5,000 jobs were likely to move to the continent by Brexit day .
The City is expected to lose up to 5,000 financial services jobs before the UK leaves the EU in March 2019 , according to the City minister , John Glen . Addressing a House of Commons committee , Glen told MPs that while he was doing everything possible to prevent the exodus , he disagreed with a Bank of England projection that 5,000 jobs were likely to move to the continent by Brexit day .