A cabinet meeting today was due to be dominated by Brexit discussions. The Bank of England has warned that 75,000 jobs could be lost in the financial services sector PACabinet ministers have discussed today the prospect of Britain leaving the European Union without a deal and the Bank of England has warned that quitting could cost up to 75,000 financial services jobs. The meeting of Theresa May’s top team was scheduled to be dominated by Brexit, with “all contingencies” to be looked at as progress was assessed. The Times revealed ten days ago that Mr Davis would present an upbeat assessment of a “no deal” Brexit in a big shift in Britain’s negotiating strategy. The report was dismissed by the Brexit secretary has ordered officials to step up the preparations for such a scenario and ministers have stressed that “all contingencies” would be looked at.

Source: The Times October 31, 2017 12:11 UTC