The U.K.’s biggest banks and financial firms could gain an additional 12 billion pounds ($14.6 billion) a year in revenue from Britain leaving the European Union, according to a report from a pro-Brexit lobby group, Bloomberg News reported. Leaving the 28-nation trading bloc and ending membership in the EU single market for trade and services would help Britain cut “stifling Brussels red tape” to help U.K.-based financial firms grow sales, the Leave Means Leave campaign said in the report published on Sunday.

The chief executive of Ulster Bank’s owner, Royal Bank of Scotland, has said the group may look at “safe” Irish acquisitions again in the coming years after it offloads a UK business at the behest of the European Union, the Irish Times reported. Ross McEwan, head of RBS for the past three years, told analysts on Friday that while the group had got “lots to do to clean up” Ulster Bank, he would be “open to” carrying out an acquisition in Ireland at some point.

In the June referendum on whether Britain should leave the European Union, 61 percent of the voters in the city of Sunderland voted to quit. As a result, 6,700 jobs at Nissan’s factory there are now in peril as the Japanese carmaker weighs whether to build the next version of its Qashqai model in the northeast of soon-to-be-independent England. So you have to wonder whether Mackems, as the locals are called, might vote differently if they had a second chance. The economic implications of life outside of the EU are starting to sink in.

British MPs have backed stripping billionaire Philip Green of his knighthood over the collapse of BHS department store, in a symbolic move that will raise pressure on the tycoon over his promises to resolve the company’s pension problems, the Irish Times reported. Mr Green owned BHS for 15 years before he sold the loss-making 180-outlet chain to Dominic Chappell, a serial bankrupt with no retail experience, for just one pound (€1.11) last year. It went into administration in April and the last of its stores closed in August, with the loss of some 11,000 jobs.

A hard Brexit would put 1,400 more UK companies into insolvency than a soft Brexit, according to new forecasts, the Financial Times reported. Compared with this year, by the end of 2019 the number of failing companies could jump almost a third to more than 26,000 if the UK leaves the EU with no new trade agreement in place, says Euler Hermes, which insures companies against the risk that creditors will not be able to pay their debts. A hard Brexit — a complete break with no access to the single market — would increase the risk of more bankruptcies, it says.

The pound slumped in late trading on Tuesday, firmly establishing sterling as the worst major performing currency this year as investors grow increasingly alarmed at the prospect of a severe rupture between the UK and EU, the Financial Times reported. Traders warn that a disorderly sell-off in the pound poses a major challenge for the Bank of England as it spurs inflation and ultimately prevents a further easing in its monetary policy that can offset weaker growth in the economy.

Britain crashing out of the European single market could cost banks and associated businesses in the U.K. almost 40 billion pounds ($51 billion) in lost revenue, undermining a key sector of the economy, an industry report warned on Tuesday, Bloomberg News reported. Finance firms are making a fresh bid for special status in upcoming Brexit negotiations with the EU after U.K. government officials this week indicated banks will get no favors.

British financial-services companies will get no special favors in Brexit negotiations from Prime Minister Theresa May, who wants to change the relationship between the government and the City of London, Bloomberg News reported. According to three senior figures in May’s administration, the government will refuse to prioritize the protection of the sector after the U.K. has left the European Union. Her team has also dismissed the key business demand for an interim deal with the EU to help ease the transition out of the bloc, one of the people said.

Research by PricewaterhouseCoopers LLP showed that U.K. company pension deficits fell by 20 billion pounds ($26 billion) in September but remained close to the previous month’s record high of 710 billion pounds, Bloomberg News reported today. The funding gap for defined-benefit pensions, which pay retirees fixed amounts based on factors including length of service, stood at 690 billion pounds as of September 29, according to PricewaterhouseCoopers LLP.

A new petition is urging the British government to ban cold-calling about pensions and investments in a bid to protect people from fraudsters, the Telegraph reported today. Financial advisers – backed by former pensions minister Baroness Ros Altmann – have started a petition calling for it to be illegal to call or email someone unbidden to discuss their pension or investment opportunities. Fraudsters often lure in savers with offers of a “free pension review” before encouraging them to invest in high risk, unregulated investments or transfer their pension to suspicious schemes.