Financial services matter, both for the whole economy and in their own right. From helping risks to be managed, wages to be paid and payments to be made, financial services is an essential enabling industry to help drive prosperity across every region of the UK.
This report is based on direct evidence from roundtables and surveys of over 80 financial services members of every size across every region and nation of the UK, as well as leading trade associations. The CBI has also discussed with non-financial services members their experience as customers of financial services. It outlines the contribution the sector makes to the whole economy as well the opportunities presented by getting UK financial services strategy right.
The report is clear that with technology rapidly transforming the financial services sector, the UK needs an agile and robust regulatory and taxation regime to deal with new challenges, risks and customer demands to enable financial services to support UK growth.