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Financial Services – what next for the UK’s most important sector?

The UK financial sector has, for many decades, been the main growth engine of the UK economy. The effects of the financial crisis of 2008, triggered by irrational exuberance and light regulation of the sector, were felt much less in financial circles than in many other parts of the UK economy. While the average take-home pay for the average worker remains below pre-crisis levels, the financial sector has paid out 50% in bonuses in 2021, despite the pandemic.

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