Financial Services

Financial Services

The UK is the world’s largest single market for international bank lending, with more financial institutions and investors choosing to do business in the UK than any other country, and is home to some of the biggest banks in the world. The industry makes up 10% of GDP, putting it higher than other major economies, and employs over 1 million people. Overseas business is also substantial, with trade surplus over £36 billion and UK companies’ earnings from foreign direct investment (FDI) constantly exceeding foreign companies’ earnings from FDI in the UK.

Looking to the future, competition from emerging markets will be a challenge for the industry, while new legislation in order to regulate and promote responsible and sustainable banking will also dramatically shape how the sector does business.

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