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Economic profile

The financial services sector produces more than 8% of all UK output, 25% of the UK's total services exports, 26% of all corporate tax and 12.5% of all PAYE income tax. Banking accounts for 71% of the sector's output, while insurance accounts for 17% and auxiliary services for 13%.

Sources: EU KLEMS database 2008, ONS The Pink Book 2007, FSSC UK Financial Services: Five Years Forward 2006 and ONS Change to contribution by industry to gross value added between 1992 and 2004

For more data on the economic profile of the sector see:

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