Financial services in the United Kingdom contributed a gross value of £86 billion to the
UK economy
The economy of the United Kingdom is a highly developed social market and market-orientated economy. It is the sixth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power pa ...
in 2004.
It creates significant benefits for the UK, European and global economies.
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
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tax receipts.
See also
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Banking in the United Kingdom
Banking in the United Kingdom can be considered to have started in the Kingdom of England in the 17th century. The first activity in what later came to be known as banking was by goldsmiths who, after the dissolution of English monasteries by Henr ...
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Economy of London § Financial services
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Economy of the United Kingdom § Financial and business services
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Financial centre
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Financial services § Financial exports
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Global financial system
The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade finan ...
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Insurance in the United Kingdom
Insurance in the United Kingdom, particularly long-term insurance, is divided into different categories. The categorisation is currently set out in sections 333B, and 431B to 431F of the Income and Corporation Taxes Act 1988 (ICTA) with each cate ...
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List of banks in the United Kingdom
Central bank
The Bank of England is the central bank of the United Kingdom.
The Big Four
British banking has been highly consolidated since the early 20th century. Unlike some other major economies, the UK does not have a major stratum of ind ...
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List of institutional investors in the United Kingdom
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UK company law
The United Kingdom company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary lega ...
References
{{Economy of the United Kingdom