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The annual costs of Brexit

 According to the FT the "cost of regulation" of the exit of the UK from Europe will be about STG 7 billion or about 0.1%.  That's just to do the paperwork.

The city (financial district) will be gravely affected -- about 40% of the business will/has migrated to Europe.  That's about 400,000 jobs that will go away

Manufacturing:  The UK automobile industry accounts for about 800,000 jobs (direct employment) it is estimated that between 40 and 60% will lose their job!

So that alone is about 1 million jobs that are certain to go over the next few months.  In addition, the UK should expect to see about 3/4 million jobs from smaller firms that can no longer export into Europe (read tape, taxes etc).  the UK should lose a total of about 4 million jobs over the next 18 months -- maybe some will find new work, but we can safely estimate that about 10% of the labor force will be out of work by this time next year (on top of those not working now).



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