UK financial services sector reports fastest turnaround in fortunes in 30 years according to CBI figures
Summary
Britain's financial services sector has reported its strongest turnaround in fortunes in 30 years, according to a new survey by the Confederation of British Industry (CBI). Banks, insurers, and investment managers indicated a strong recovery in activity at the start of the year, with nearly two-thirds noting an expansion. This positive shift contrasts with a negative balance of 38% recorded in December.
Key Facts
- •UK City firms reported the fastest turnaround in fortunes in 30 years, based on CBI figures.[1]confirmed
- •Financial services companies reported a strong recovery in activity, with a positive balance of nearly two-thirds noting expansion.[1]confirmed
- •The growth figures reversed a negative balance of 38% from December.[1]confirmed
Locations
Sources (1)
- initial report
Changelog
Automated synthesis
Show summary
Britain's financial services sector has reported its strongest turnaround in fortunes in 30 years, according to a new survey by the Confederation of British Industry (CBI). Banks, insurers, and investment managers indicated a strong recovery in activity at the start of the year, with nearly two-thirds noting an expansion. This positive shift contrasts with a negative balance of 38% recorded in December.
- • UK City firms reported the fastest turnaround in fortunes in 30 years, based on CBI figures.
- • Financial services companies reported a strong recovery in activity, with a positive balance of nearly two-thirds noting expansion.
- • The growth figures reversed a negative balance of 38% from December.