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Birmingham Post
Birmingham Post
Business
Sion Barry

Financial services sector in Wales best in the UK outside of London for output growth

United Kingdom Wales London CityUK

Output in the financial and related professional services sector in Wales has experienced the fastest growth rate in the UK outside of London, according to new research from representative body for the industry TheCityUK.

Output grew by 46% in the decade period 2010-2020 - the highest growth rate of any nation or region of the UK outside of London and its financial powerhouse of the City of London.

Financial and related professional services firms employ 55,000 people _ representing 4.4% of total Welsh employment and contributing £4.7bn - equivalent to 7% of total Welsh economic output.

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