Increased optimism in UK financial services
Published 04/04/2011
UK financial services have enjoyed another quarter of recovering sentiment and volumes of business, according to the latest CBI/PwC financial services survey. Sentiment in the industry reached the highest level for over a year, and business volumes increased for the third quarter in a row. Banking was found to be the only sub-sector that bucked this trend.
The report also highlighted that regulation is seen as the greatest potential limitation on business development, and the leading driver of capital expenditure. 87% of all respondents felt that new regulations have made the UK less competitive, and compliance spending is expected to increase across the industry during the coming year. For more information, visit the PwC website.
