The thirteenth edition of our annual survey of the total tax contribution made by UK financial services finds that the finance sector’s firms, employees and customers contributed £75.6bn to public finances in tax, in the year to March 2020.
Despite turbulence, the
sector is set to contribute a stable amount in the current financial
year.
Prepared for the City of London Corporation by PwC (external link),
the report underlines the importance of the sector as an asset to the
UK economy, employing 3% of the workforce (1.1m workers) and 10% of
taxes.
Full report
City of London
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