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The sector contributed a gross value of £86 billion to the UK economy in 2004. [3] The industry employed around 1.2 million people in the third quarter of 2012 (around 4% of the British workforce). The estimated amount of total taxes paid by the Financial Services Sector in the year to 31 March 2012 is £63bn, 11.6% of the total UK government ...
During the four years after the 2007–2008 financial crisis, the UK mutual sector provided approximately 80% of net lending to the housing market. [2] There are currently over 200 significant separate financial organizations supplying mortgage loans to house buyers in Britain, with Lloyds Bank and the Nationwide Building Society having the ...
The UK financial services industry added gross value of £116.4 billion to the UK economy in 2011. [149] The UK's exports of financial and business services make a significant positive contribution towards the country's balance of payments. Paternoster Square, home of the London Stock Exchange
Financial services in London benefited from the UK's membership of the European Union (EU), [64] although there were concerns following the decision of the United Kingdom to leave the EU. However, Britain’s exit from the EU in early 2021 only marginally weakened London's position as an international financial center (IFC). [65]
The estimated amount of total taxes paid by the Financial Services Sector in the year to 31 March 2012 is £63bn, 11.6% of the total UK government tax receipts. [95] Service industries, particularly banking, insurance, investment management, business services and other related financial services account by far for the largest proportion of GDP ...
BNP Paribas Personal Finance, formerly known as LaSer UK, is a British and Irish provider of consumer finance. It operates in the UK and in the Republic of Ireland . The company administers credit and loyalty programmes for other businesses across multiple sectors, including retail, household, insurance, entertainment and leisure.
UK Finance is a British trade association for the UK banking and financial services sector that was formed on 1 July 2017. [1] It represents over 300 firms in the UK providing credit, banking, markets and payment-related services.
Leeds is the largest legal and financial centre in England outside of London, [2] [3] and third largest in the UK after Edinburgh, and in 2011 its financial and insurance services industry was worth £2.1 billion. [2] [4] with more than 30 national and international banks located in the city. [3]