Wall Street

London generates £74bn of financial and professional services exports

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City AM

By Jack Barnett London generates £74bn of the UK’s financial and professional services exports, according to a new report out yesterday. The City’s banks, brokers, insurers and law firms’ share of Britain’s £130bn financial and professional services export industry is running at 57 per cent, according to Square Mile lobby group TheCityUK. However, the body’s research illustrated that the rest of the country is contributing to cementing the UK’s position as a leader in the global finance industry. The south east was the second biggest exporter, sending £11.8bn worth of financial service work ab…

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