|2,300 Jobs In Wandsworth At Risk From A Hard Brexit Claim Labour|
Figures published by the Mayor of London, reveal the full impact of a ‘no deal’ hard Brexit
Figures published by the Mayor of London, Sadiq Khan, reveal the full impact that a ‘no deal’ hard Brexit would have on the borough of Wandsworth, with 2,300 jobs potentially under threat.
New data predicts that if the UK leaves the European Union in exactly a year’s time, on 29 March 2019, with no deal, there will be 140,800 jobs in Wandsworth in 2030. However, if the UK were to remain in the Single Market and Customs Union, there would be 143,100 jobs in the borough.
The findings formed part of an analysis of the potential impact of five different Brexit scenarios on London, commissioned by the Mayor last year from economic analysts Cambridge Econometrics.
Speaking about the impact that a ‘no deal’ hard Brexit would have in Wandsworth, the Mayor of London, Sadiq Khan, said: “Wandsworth residents and businesses will be shocked to learn of the huge economic risks – and human costs – at stake in the Brexit negotiations.
According to St George’s Principal, Professor Jenny Higham: “It is not yet clear what will happen to outstanding and new bids for EU funding. There are millions of pounds at risk in my own institution. What we are seeing already are changes in behaviour and pessimism about applying for and retaining a lead in European collaborations.”
In the 2016 Referendum, 75% of Wandsworth residents voted Remain, the sixth highest in the country. There are over 26,000 EU citizens living in Wandsworth.
March 29, 2018