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Brexit Job Loss Index: 436,296 Jobs Lost As Of 31 January 2020
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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
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
Glasgow: 24,612
London: 22,245
Wylfa Newydd: 9,350
Scunthorpe: 6077
Swindon: 4,951
Manchester: 4,912
Yorkshire: 4,362
Bridgend: 4,010
Derby: 4,000
Hull: 3287
10 Worst Hit Sectors
Automotive: 66,032
Transport: 39,143
Food & drink: 32,081
Finance: 18,399
Construction: 15,102
Clothing: 12,445
Aerospace: 4,324
Agriculture: 3,100
Hospitality: 2,700
Consumer durables: 2,556
ICT: 2,527
Brexit Job Loss Map
Brexit Job Loss Map
Map from Easy Map Maker Up 19 Feb 2019
Job Loss Data & Methodology
The full data for the above comes this document published by Brexit Job Losses. The list has been compiled by #MrHickmott. Here is his methodology:
Job losses are attributed to Brexit if they meet one or more of the following conditions:
- 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.
- Government austerity cuts are attributed to Brexit since Britain voted to remain the EU, austerity would have been lifted instead of deepened.
- Barring other obvious explanations businesses that were doing okay but experienced a significant slowdown after the Brexit vote are deemed to have been impacted by Brexit.
- 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).
- 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 usually excluded unless there is some compelling reason to regard Brexit is the real reason for cutting staff.
However, as the Dec 2019 election was about Brexit, the author has decided to include losses due to Tory policy.
You see the full list of employers and losses below.
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- To calculate lost wages we simply take the numbers of job lost multiplied by the average earnings for full-time employees in the UK, which currently sits at £28,677 annually. Data from the ONS.
** To calculate lost income tax and national insurance receipts we used this tax calculator to calculate the tax and NI (employee and employer) owed for someone earning £28,677 annually (UK average full-time wage). The total works out to £8,588.87 per job, which we multiplied by the number of jobs lost.
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