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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 ...
Over the past 40 years (to 2014) the banking system in the UK experienced a 'dramatic shift' with total assets increasing from 100% of GDP to 450%, and it is 'plausible that the UK banking system will continue to grow rapidly', owing to its probable 'comparative advantage' in international banking services, with the pre-eminence of London as a ...
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.
State Bank of India (UK) Limited State Bank of India: India: StreamBank PLC Independently run Wales: Tandem Bank Limited: Tandem Money Limited: England: TD Bank Europe Limited: Toronto-Dominion Bank: Canada: Tesco Personal Finance Plc: Barclays: England: Triodos Bank UK Ltd Triodos Bank N.V. Netherlands: TSB Bank plc: Banco Sabadell: Spain ...
The UK Infrastructure Bank Act stipulates that the bank must publicly publish annual reports, and present them to parliament. [17] The UK Infrastructure Bank Act received royal assent in 2023. [ 17 ] [ 18 ] In January of that year, a Public Accounts Committee released a report analysing the bank's performance after its first 18 months in operation.
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The pharmaceutical industry employs around 67,000 people in the UK and in 2007 contributed £8.4 billion to the UK's GDP and invested a total of £3.9 billion in research and development. [ 161 ] [ 162 ] In 2007 exports of pharmaceutical products from the UK totalled £14.6 billion, creating a trade surplus in pharmaceutical products of £4.3 ...