{"id":2330,"date":"2017-11-13T01:30:08","date_gmt":"2017-11-13T01:30:08","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=2330"},"modified":"2017-11-01T13:25:17","modified_gmt":"2017-11-01T13:25:17","slug":"75000-banking-jobs-lost-due-to-brexit","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=2330","title":{"rendered":"75,000 Banking Jobs lost due to Brexit."},"content":{"rendered":"<p>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.<\/p>\n<p><a href=\"http:\/\/www.bbc.co.uk\/news\/business-41803604\" target=\"_blank\">http:\/\/www.bbc.co.uk\/news\/business-41803604<\/a><\/p>\n<p>What could this mean ?<\/p>\n<p>If the average London banker salary is say \u00a380,000 what money will be lost to the UK Treasury in lost income tax ?<\/p>\n<p>So:-<\/p>\n<p>75,000 people x \u00a380,000 = \u00a36,000,000,000 (<strong>\u00a36 billion in salaries<\/strong>)<\/p>\n<p>approx 50% of this is paid in Income Tax and National Insurance.<br \/>\nThat means immediately a loss of revenue for the UK Treasury of \u00a33,000,000,000<\/p>\n<p>Then the salaries post of tax is used to rent or mortgages or buying food, the cost of living.<br \/>\nAll that disposable income is also lost to the UK economy.<\/p>\n<p>75,000 jobs being lost, could mean, \u00a36 Billion lost to the UK economy,<\/p>\n<p>Brexit will result in the UK becoming poorer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u00a380,000 what money will be lost to the UK Treasury in lost income tax ? So:- 75,000 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2330","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2330"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2330\/revisions"}],"predecessor-version":[{"id":2331,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/2330\/revisions\/2331"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}