Employment Trends

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 7th June 2016.

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Photo of Damian Hinds Damian Hinds The Exchequer Secretary 12:00 am, 7th June 2016

Our projection is that, following the immediate economic shock that would follow from Brexit, 500,000 jobs would be lost and there would be an increase in unemployment. Part of that is from the initial impact on foreign direct investment, but that effect continues thereafter.