Centre for Cities: London links: the geography of financial services in the capital and beyond

27 July 2018

The research shows that, for communities across the UK, the sector is a key driver of jobs, productivity and share of exports. The analysis highlights that regulatory and trade deal changes affecting the sector will have a significant impact in towns and cities across the whole country.

Key findings

• Financial services and related professional services play an important role in a number of cities for jobs, productivity and exports.
• The nature and skills levels of financial and professional services jobs across the country varies widely.
• London-headquartered businesses in these sectors accounted for just under 220,000 jobs in other British cities in 2017.
• The relationships different cities have with London varies, both in terms of their number and their nature. While not everywhere had strong links with London, a number of cities had a large share of financial services jobs in particular in London-headquartered firms.

Full report: London links: the geography of financial services in the capital and beyond

 

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