Although economic activity has recovered this year, the full extent of the economic impact of Covid-19 remains unknown—not least because the pandemic has yet to run its course. Nevertheless, nearly two years after the onset of the pandemic, the UK remains one of the world’s leading international financial and related professional services hubs. This annual report uses the latest available data to highlight a number of measures and markets that demonstrate the UK’s role as an international financial centre.
The UK retains the leading share of trading in many international financial markets, such as foreign exchange trading, cross border bank lending and international insurance premium income. Metrics and developments such as these are a testament to the UK’s global competitive advantage in financial services, and this report demonstrates the country’s role as one of the world’s leading international financial centres.