City of London chief says Brexit 'disaster' cost 40,000 finance jobs

LONDON (Reuters) -Britain's departure from the European Union cost London's financial centre about 40,000 jobs, the Lord Mayor of the City of London told Reuters, a far deeper impact from Brexit than previous estimates. Michael Mainelli said Dublin had gained most, attracting 10,000 positions, while cities such as Milan, Paris and Amsterdam had also benefited from jobs migrating from London after Britain voted to quit the EU trading bloc in 2016. "Brexit was a disaster," said Mainelli, the ceremonial head of London's City financial centre, which stretches over a square mile including the Bank of England, international banks and insurers.