The Financial and Related Business Services (FRBS) sector has become an increasingly important source of employment, so what will the impact of global slow down be on London and the UK's regional financial centres?
Over the last decade, the Financial and Related Business Services (FRBS) sector has become an increasingly important source of employment in many of Britain’s major cities. In Leeds, for example, it provides over 110,000 jobs. This paper suggests that the impact of the global slow down will spread beyond London and the South East to the UK’s regional financial centres.
This short introduction sets out a framework for the Centre’s future work, which will take an in depth look at the resilience of city economies and offer recommendations as to how the cities may seek to weather the storm.