Consulting and Audit Firm EY has forecast 80,000 + finance sector jobs could be lost in the event of a "Hard" Brexit, in a report prepared for the London Stock Exchange.

This number assumes the City loses passporting rights and therefore all Euro-clearing activity currently carried out in London, and is a worst case scenario according to EY.

Sales and trading, back office, technology and wealth and asset management would all be at risk according to the report.