75,000 Banking Jobs lost due to Brexit.

The Bank of England thinks that 75,000 banking jobs could be lost from The City of London due to the UK leaving The EU.

http://www.bbc.co.uk/news/business-41803604

What could this mean ?

If the average London banker salary is say £80,000 what money will be lost to the UK Treasury in lost income tax ?

So:-

75,000 people x £80,000 = £6,000,000,000 (£6 billion in salaries)

approx 50% of this is paid in Income Tax and National Insurance.
That means immediately a loss of revenue for the UK Treasury of £3,000,000,000

Then the salaries post of tax is used to rent or mortgages or buying food, the cost of living.
All that disposable income is also lost to the UK economy.

75,000 jobs being lost, could mean, £6 Billion lost to the UK economy,

Brexit will result in the UK becoming poorer.

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