Financial services in the United Kingdom
# Financial services in the United Kingdom

The financial service industry in the United Kingdom contributed £174 billion in 2021, or 8.3% of total UK gross value that year. It represents a boon on the UK, European and global economies.

## History

The sector contributed a gross value of £86 billion to the UK economy in 2004. The industry employed around 1.2 million people in the third quarter of 2012 (around 4% of the British workforce). The estimated amount of total taxes paid by the Financial Services Sector in the year to 31 March 2012 is £63bn, 11.6% of the total UK government tax receipts.

