Reuters are reporting that the financial services sector paid £71.4 billion in taxes in 2015/16 (HERE). This is a huge amount of money and some of it at least is at risk from brexit.
If we lose passporting rights into the EU many companies will relocate some staff to the EU and we will lose revenue. Brexiteers think any losses will be more than made up elsewhere but it is a gamble and the Reuters report shows just how big a gamble it is.
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