<p class="text-align-justify">Financial service encompasses a wide variety of operations including banking, insurance and&nbsp;investing. It acts as a conduit between borrowers and savers. Financial services industry assists people and corporations, and provides guidance on how they can maximize their money.</p>

<p class="text-align-justify"><strong>Economic Output</strong></p>

<p class="text-align-justify">In 2019, £131.9 billion has been contributed to the UK economy by financial services, accounting for 6.9% of total output. It was ranked as the eighth largest industry when compared with the total economic output. This industry has contributed 6.3% to the UK economy in 2019, dropping from an all-time high of 8.4% in 2009.</p>

<p class="text-align-justify"><strong>Employment in financial services</strong></p>

<p class="text-align-justify">In the UK, the financial service sector provided 1.1 million jobs which are 3.2% of total jobs. The employment within the sectors has been relatively stable for the last several years, but has seen to be decreasing by a percent since 1990’s; however, the overall economy has risen through other jobs.</p>
