Financial and Professional Services Sector 'Bedrock' to UK Economic Growth

UK Financial Sector Thrives, Faces AI-Driven Challenges

The UK’s financial and professional services sector continues to demonstrate its significance as a cornerstone of the national economy, with recent data highlighting its substantial contributions to employment and economic output. Nearly 2.5 million people are employed in this sector, accounting for one in every 13 jobs in the UK. The sector’s economic output reached £285 billion in 2023… Source

Financial and professional services sector 'bedrock' to UK economic growth

The UK’s financial and professional service industry has continued to be “a bedrock of national economic strength”, with nearly 2.5m people employed across the sector. New research from TheCityUK reveals that approximately one in every 13 jobs in the UK is held in the financial and professional services industry, as the body presents policy recommendations to the government. According to data from 2023, the sector contributed £285bn in economic …