London Stock Exchange – Brexit leaves London fighting for its future as Europe poaches business

Financial services are the source of almost 11% of government tax revenue, according to PwC research. In 2019, the sector contributed £132 billion ($185 billion) to GDP, or nearly 7% of the economy’s total output. Half of that was generated in London, where more than a third of the sector’s 1.1 million jobs are located, according to the Office for National Statistics.