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Brexit Could Cost UK £50 Billion, 500,000 Jobs Warns London Mayor

“In London, where the majority of the British music industry is based, 87,000 jobs could be lost by 2030” writes Richard Smirke for Up to 500,000 jobs and £50 billion ($68 billion) in investment could be lost in the United Kingdom, if the country fails to strike a trade deal with the European Union during Brexit negotiations, warns a report commissioned by London Mayor Sadiq Khan. The British government has until October to reach a future trade agreement with the EU, ahead of the U.K. leaving the Union in March 2019.

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