A possible 480,000 jobs could be lost in sectors including finance and construction across the UK, with five disappearing in London alone, if the UK exits the European Union under a "no deal" scenario, according to impact papers commissioned by Sadiq Khan, the mayor of London. The study compared 87,000 models, ranging from remaining in the EU to a hard Brexit, with all but the remain outcome proving detrimental to the UK economy. The paper also revealed London would bounce back more quickly than the rest of the country, but said it could deepen the so-called north-south divide.
A possible 480,000 jobs could be lost in sectors including finance and construction across the UK, with 87,000 disappearing in London alone, if the UK exits the European Union under a "no deal" scenario, according to impact papers commissioned by Sadiq Khan, the mayor of London. The study compared five models, ranging from remaining in the EU to a hard Brexit, with all but the remain outcome proving detrimental to the UK economy. The paper also revealed London would bounce back more quickly than the rest of the country, but said it could deepen the so-called north-south divide.