Brexit would cost financial firms $25 billion, study says

May 10, 2016 10:00 PM

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LONDON May 10 Leaving the European Union would cause a decade of uncertainty that could cost Britain's financial services an estimated 17 billion pounds ($25 billion) and make lawyers rich, a think-tank study said on Tuesday.

Analysts at JWG, which specialises in managing regulatory changes, takes no position on whether Britain should remain or leave the EU. But it says if Britain votes to leave in June's referendum, financial firms will end up trying to maintain business as usual while making fundamental changes.

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