It’s this one that I really want to focus on though, the united kingdom as a country is heavily dependent on its financial services industry to a level that brings it in line with nations like Singapore and hong kong which in and of themselves are basically just giant cities full of banks.
This for the most part sounds brilliant, a strong financial services sector is hugely beneficial to a national economy. It creates thousands of extremely high paying jobs and can attract profits from all over the world to be introduced to the local economy and the United Kingdom is a great example of this.
London is home to the offices of over 500 banks from small banks with local operations in the country to major international banks like HSBC
In this video we will explore why these financial institutions decide to call London home.
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Sandford, C.T., 2015. Economics of public finance: an economic analysis of government expenditure and revenue in the United Kingdom
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Dunnett, P., 2013. The Decline of the British Motor Industry (Routledge Revivals): The Effects of Government Policy
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