City of London Competitiveness

Question written on 17/01/2007

To ask the Chancellor of the Exchequer pursuant to the Answer of 19 December 2006, Official Report, column 1729W, on City of London competitiveness, how much non-EU businesses in the financial services and insurance sectors contributed to the UK economy in each of the last five years.

Answered by Edward Balls

The financial services sector, including insurance, contributed to the UK economy during the last five years as follows:

	Share of total gross domestic product (Percentage)
2001	5.3
2002	7.3
2003	7.9
2004	8.3
2005	8.6

We do not hold separate data on the contribution to the UK economy of non-EU businesses.

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