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UK finance sector remains a global leader The global strength of the UK's financial services and related professional services is illustrated by the latest annual report from the industry's lobby group, TheCityUK. David Sapsted17 December 2020 The sector trade surplus last year amounted to £79.9 billion with financial services accounting for £60.3 billion - almost as much as the combined total of the US and Switzerland, the next two leading net exporters globally. Green finance, Islamic finance and maritime financial services are cited in the report as areas where the UK has been at the for...

Talks begin over new UK nuclear plant The UK's largest business organisation has welcomed the government's decision to begin discussions with French energy giant EDF over funding the construction of the £20 billion Sizewell C nuclear plant in Suffolk. David Sapsted14 December 2020 The decision to press ahead with the new plant, which could generate seven per cent of Britain's electricity needs, was announced in the Energy White Paper published on Monday.Ministers said plans outlined in the white paper to cut greenhouse gas emissions from industry, transport and buildings, would support up to...

Paris hails arrival of finance jobs from London More than 3,000 financial sector jobs have relocated from London to Paris as a result of the UK's vote to leave the European Union, according to a report from a lobby group in the French capital. David Sapsted11 December 2020 With the Brexit transition period ending on December 31, no equivalence agreement has been reached between the EU and UK, which would allow British-based financial services to continue to operate freely throughout the bloc.The failure to reach such a deal has led to Miles Celic, CEO of the financial services advocacy group ...

For the first time in almost seven years, the number of professionals from outside the EU making online searches for jobs in the UK is greater than the total of Europeans doing the same thing.