Mps in economics5/29/2023 ![]() Scots and Scotland have been pioneering financial services for centuries.Īdam Smith gave us the intellectual framework. While green finance credentials, the fintech cluster and a developed talent pool extend beyond Edinburgh and Glasgow to Perth, Stirling, Dundee and Aberdeen too. And an increasingly important centre of excellence for sustainable finance and investment.Īnd to avoid accusations of favouritism, let me also praise Glasgow where recent growth in the sector has attracted global attention, and made it the third largest financial centre in the UK behind London and Edinburgh. ![]() More than 50,000 people – one seventh of the entire workforce – employed in banking, insurance and pensions, asset management and FinTech. The second largest financial services cluster in the UK after London. And Blackrock, JP Morgan Chase, HSBC and more.īecause this city, as we all know, is a financial services powerhouse. ![]() The geographical giveaway these days is the sound of clicking of computer mice echoing from the offices of RBS, Standard Life, Baillie Gifford, Abrdn and Scottish Widows. Not too long ago we could have closed our eyes, taken a deep breath, and known for certain that we were in Auld Reekie. That’s particularly relevant because of where we are today. ![]() I want to thank you, among many other things, for your forward-looking research.Īnd I note, for instance, your recent Six-point Plan for Growth for the Sector, and your statistics on financial services across the UK – which are invaluable for our understanding of the breadth and depth of this industry. You don’t need me to remind you of the uniquely constructive role TheCityUK plays on behalf of this great industry. And thank you, of course, to Miles and TheCityUK for the opportunity to be here. ![]()
0 Comments
Leave a Reply. |