While financial services tend to be centred in London, the industry plays a big role in cities across the country, and any deal for the sector after Brexit must recognise this.
Financial services are widely recognised as playing an important role in the national economy. That they are centred in London is also well known. But the role that both this sector and related professional services plays elsewhere in the country, and the links that these activities have with the capital, are less well understood.
This report explores the financial and professional services sectors in cities across the UK, and looks at what the relationships are with London-based firms in these industries.
Both the performance of financial and related services across the country and their links to the sector in the capital show that the fortunes of these activities do not just have implications for London. And so as the UK looks to change its trading relationships with the world, a deal for financial services will be important for a number of cities and not just the capital.