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By Chris Hayward In a recession, the UK should remember its greatest strength: financial services, argues Chris Hayward Last week we found out that the UK officially entered recession at the end of 2023. We need growth now – and to achieve that we must play to our existing strengths, which is financial services. Financial and professional services serve as a powerful engine for the economy, providing 2.5m jobs and nearly £100bn in tax contributions – 13 per cent of the government’s total tax revenues – that fund our public services. However, the UK cannot be complacent – our international comp…

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