How much is the loss of Brexit in the UK?

According to US media reports, as the UK moves to Brexit, banks and other financial companies are shifting more assets and jobs out of the UK.

Ernst & Young's latest report shows that the UK's financial services company has announced plans to transfer 1 trillion pounds ($1.3 trillion) of assets to the EU, an increase of 200 billion from the estimated 800 billion pounds in January.

According to Ernst & Young, in the near future, the UK will have 7,000 jobs in the financial sector transferred, which will cause the UK to lose at least 600 million pounds (about 794 million US dollars) in taxes.

Ernst & Young said that this estimate is still "conservative." However, the company's forecast is basically the same as that of the European Central Bank. EA Enria, head of banking regulation at the European Central Bank, told the Financial Times last week that the bank is expected to have about 1.2 trillion pounds ($1.4 billion) in assets being transferred from the UK to 19 EU countries using the euro.

Since the Brexit referendum in June 2016, Ernst & Young has tracked the UK's largest 222 financial services companies. The company said it has announced a steady increase in the number of companies mobilizing employees, businesses and assets in response to the Brexit.