THE Scottish financial industry’s output growth has outpaced that of London.
Financial and related professional services output in Scotland grew by two per cent, up £256 million in 2017, against London’s 1.6%, TheCityUK said.
Graeme Jones, of Scottish Financial Enterprise, said: “The increased pace of growth delivered by Scotland’s financial services industry demonstrates the continued strength of our sophisticated ecosystem here.
"Our legacy of success stretches back hundreds of years and is something we are determined to continue through committed, collaborative engagement within our industry and with both governments."
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He added: “With particular reference to skills and talent, great strides have already been taken to create and support more opportunities and routes into financial services for people from diverse backgrounds, from all corners of Scotland.
"While our strong track record of innovation, our technical expertise and access to highly talented individuals also stand us in very good stead during a time of significant technological change.”
Edinburgh and Glasgow, employ 49,685 and 39,270 people respectively in the industry, about 60% of all financial services jobs in Scotland.
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