LONDON: A leading global tourism body estimates that around 700,000 jobs in travel and tourism could be lost across Europe if Britain crashes out of the European Union without a deal on future relations.
The World Travel & Tourism Council said Monday that 308,000 jobs would be under threat in Britain and 399,000 elsewhere in Europe.
The WTTC, which represents the travel and tourism sector worldwide, based its assessment on the forecast from the International Monetary Fund that the British economy will be 7.7 percent smaller over the next decade in a ‘no deal’ scenario.
Gloria Guevara, President & CEO, WTTC, said “a ‘no deal’ Brexit would have a dramatic impact on one of the U.K.’s most significant sectors.”
Britain is due to leave the EU on March 29.
An-Nahar is not responsible for the comments that users post below. We kindly ask you to keep this space a clean and respectful forum for discussion.