Financial services clock up biggest surplus in world

Britain’s financial services industry had the biggest trade surplus in the world last year, reinforcing its position as an exporting powerhouse for the economy (Callum Jones writes).

The sector generated a trade surplus of $88 billion (£68 billion) last year, bigger than the US, Switzerland and Luxembourg combined, according to an analysis by The City UK, the lobby group for the square mile. Those countries are second, third and fourth in the list.

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