The Lord Mayor of London's financial district has labeled the UK's Brexit decision a 'disaster', resulting in a loss of approximately 40,000 jobs. Professor Michael Mainelli highlighted the negative impact on the City, which had a pro-EU stance during the Brexit debate. An analysis by the UK's Office for Budget Responsibility predicts a 4% reduction in long-term productivity due to Brexit, with minimal benefits from new trade deals. Legal challenges are also emerging regarding trade agreements with countries like Australia, raising concerns over environmental standards. Teljes cikk (Euronews.com)