Updated: The Brexit Job Loss Index

26th January 2021 / United Kingdom
Updated: The Brexit Job Loss Index

The Brexit Job Loss Index is an attempt to keep track of the number of jobs lost in the UK due to Brexit.

Here are the key stats (last updated 31/01/2020):

 

Total Jobs Lost: 436,296

Total Annual Wages Lost: £12,511,660,392

Reduction in Annual Income Tax & National Insurance Receipts: £3,747,289,625.52

 

 

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Job Losses By Region

  • Scotland: 30,223
  • Midlands: 26,318
  • North East: 22,324
  • London: 22,245
  • Wales 14,265
  • South West: 13,959
  • North West: 9,144
  • South East: 5,095
  • East of England: 5,027
  • Northern Ireland: 2,555
  • Gibraltar: 1,000
  • Southern England: 870
  • No specific region: 283,729

 

10 Worst Hit Cities & Towns

  1. Glasgow: 24,612
  2. London: 22,245
  3. Wylfa Newydd: 9,350
  4. Scunthorpe: 6077
  5. Swindon: 4,951
  6. Manchester: 4,912
  7. Yorkshire: 4,362
  8. Bridgend: 4,010
  9. Derby: 4,000
  10. Hull: 3287

 

10 Worst Hit Sectors

  1. Automotive: 66,032
  2. Transport: 39,143
  3. Food & drink: 32,081
  4. Finance: 18,399
  5. Construction: 15,102
  6. Clothing: 12,445
  7. Aerospace: 4,324
  8. Agriculture: 3,100
  9. Hospitality: 2,700
  10. Consumer durables: 2,556
  11. ICT: 2,527

 

The full data for the above comes from this document.

Methodology:

Job losses are attributed to Brexit if they meet one or more of the following conditions:

1. The employer’s business has been significantly affected by sterling’s devaluation, either immediately through rises in the cost of imported inputs or later by inflation passed on by those who were so affected.

2. Government austerity cuts are attributed to Brexit since Britain could have voted to remain in the EU and austerity would have been lifted instead of deepened.

3. Barring other obvious explanations businesses that were profitable but experienced a significant slowdown after the Brexit vote are deemed to have been impacted by Brexit.

4. Businesses and other enterprises (e.g. EU regulatory authorities) that will be impacted by the imposition of trading or regulatory barriers (including the potential imposition of tariffs).

5. All jobs moved abroad are considered Brexit-related even if offshored outside the EU, since Brexit makes Britain a “third country” to the EU, just like India or China.

 

Other factors are occasionally cited but these are the main categories.

Job losses due to changes in the way business is conducted, such as those due to banking automation or to internet shopping, are excluded unless there is some compelling reason to regard Brexit is the real reason for cutting staff.

You see the full list of employers and losses HERE (pdf).

 

 

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