TheCityUK CEO Sees Risk of Europe Losing Race for Banking Jobs

The transcript discusses the impact of Brexit on the financial services industry, particularly focusing on reduced access from London to the EU and the potential movement of jobs. It references an analysis by Oliver Wyman, which estimated job losses under different Brexit scenarios. The discussion highlights that jobs may move out of Europe rather than within it, emphasizing the broader implications for the UK's job ecosystem.

What is the current situation for the financial services industry in London regarding EU access?

• They have no access to the EU.

• They have increased access to the EU.

• They have reduced access to the EU.

• Access remains unchanged.

According to Oliver Wyman's 2016 analysis, how many jobs could be affected by a high access Brexit scenario?

• 3,000 to 4,000 jobs

• 75,000 to 100,000 jobs

• 50,000 to 60,000 jobs

• 10,000 to 20,000 jobs

What is the estimated job impact of a low access WTO Brexit according to the analysis?

• 75,000 jobs

• 50,000 to 60,000 jobs

• 10,000 to 20,000 jobs

• 3,000 to 4,000 jobs

What is a significant observation about job movement due to Brexit?

• Jobs are moving within Europe.

• Jobs are increasing in Europe.

• Jobs are moving out of Europe.

• Jobs are unaffected.

How many jobs are there in the UK's financial services ecosystem?

• 4 million

• 1 million

• 2.3 million

• 3 million