Scotland's Financial Sector Booms, Second Only to London
Glasgow News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Scotlands financial services sector achieved a record £12 billion in exports last year, contributing to a £6 billion trade surplus and securing its position as the UKs second-largest financial hub after London. This growth, driven by a 16% increase in exports, accounts for nearly 40% of the UKs total services exports. The sectors strength bolsters the UKs global trade edge, with services now making up 22% of total exports. The report emphasizes the need for smarter policies, such as data sharing, unified investor pitches, and regulatory easing, to maintain this momentum and attract global talent.
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