UK Finance Industries Booming

15th December 2017.

Britain’s world-leading finance industries bring in a £57 billion trade surplus and far outrank any other European nation, a new report has found.

The study from TheCityUK lobby group has revealed a higher trade figure than the UK’s closest rivals, the US and Switzerland.

Anjalika Bardalai, chief economist at TheCityUK, said: ‘The UK’s place in the global financial system is unparalleled.

These figures follow a recent uplift in business confidence amid reports indicating that Britain will not lose tens of thousands of banking jobs due to Brexit, despite what was previously claimed.

A recent analysis by the Financial Times newspaper found that banks have drastically scaled back their threats to shift jobs out of London after Brexit.

Before the referendum campaign, ‘Stay’ campaigners claimed that 75,000 staff could be relocated or sacked if we left the European Union.

As a result, individal banks campaigned hard to stay in the European Union, with J P Morgan bosses predicting losing 4,000 of their workforce.

However new estimates suggest that fewer than 4,600 jobs will actually move abroad across the whole industry.

Earlier this year, Deutsche Bank executive Sylvie Matherat said 4,000 of its 9,000 London workers might be shifted abroad.

But the new study suggests only 350 will go by April 2019. At J P Morgan, the true figure is expected to be around 700 rather than 4,000.

The Credit Protection Association is a credit management company established in 1914. If you supply goods or services on credit then we can help you!

See all our latest news here!

Keep up to date with the latest news by following us on social media:-

CPA on Linkedin

CPA on facebook

CPA on twitter

Watch the video to find out how CPA can help you!


How to overcome 25 of the most common excuses for non-payment

Click the image to discover step by step advice on how to deal with them!






Discover how to improve your cash flow in 3 steps.

Click the image to find our answer to the question “How can you get paid on time?”





Read our blog – Debt collection agency

Read our Cash Flow Advice

Read about our overdue account recovery service

Read our blog – What is credit management?

Read our blog -What is a credit management company?

Read our blog -Credit Management that works!

Read our blog – How to select a debt collection agency