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- Title
Financial and business services – the driving force behind the UK's economic success.
- Authors
Cooper, Adrian
- Abstract
The article focuses on Great Britain's success in key financial and business services (FBS). It is noted that these sectors' success reflect both in their large share in key markets and the increase seen in the country's global market share in commercial services trade. Growth in this sector has averaged around 5% a year in real terms since 1995. The Ernst & Young European Investment Monitor shows that software, business services and financial services together accounted for almost half of inward investment projects in Great Britain in 2006, and were key to making the country the most popular destination for foreign direct investments (FDI) in the European Union (EU).
- Subjects
UNITED Kingdom; FINANCIAL services industry; FINANCIAL markets; CUSTOMER services; ERNST &; Young Global Ltd.; FOREIGN investments; EUROPEAN Union
- Publication
Economic Outlook, 2007, Vol 31, Issue 3, p5
- ISSN
0140-489X
- Publication type
Article
- DOI
10.1111/j.1468-0319.2007.00610.x