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Financial and Business Services Sector
Taken together, the financial services and business services
sectors are amongst the most successful sectors in the UK economy
in terms of employment creation, output, growth and profitability.
Since 1980, the number of jobs in the sector has risen from
1.6 million to 2.8 million; the real output has doubled from
11 to 20 per cent of current-price GDP, and gross profits to
almost ?90 billion (Barron, 2004).
This expansion was due to several factors, including growing
consumer wealth, deregulation and demographic changes, ...
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