On top of the 4000 Deutsche Bank jobs that will be lost because of Hard Brexit more banks have announced jobs will be lost. Standard Chartered and JP Morgan Chase have confirmed that they are preparing to move hundreds of jobs out of the UK. Barclays, Goldman Sachs, Royal London and Lloyds of London have all announced plans to move jobs to the EU.
This was warned about during the Referendum campaign but branded as Project Fear. Ministers are strangely silent about these losses from the City. The taxes these bankers pay cover for the wages for nurses, teachers and police. Each banking job lost means that the Tory government needs to get tax from someone else to pay for the shortfall.
We can guess who will be paying- you and me.
We need to Vote for Change