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Financial sector showing signs of recovery

The UK financial sector is showing signs of recovery although the rate of recovery would appear to be less than some analysts had expected. A survey by the Confederation of British Industry has confirmed that 38% of those surveyed confirmed their volumes have increased in the last three months and 29% said they had fallen, which leaves a net increase of 9%. This is by far and away the largest figure since September 2007 although many analysts have expected a larger increase. So what does this mean?

In simple terms the UK financial sector continues to grow while many other areas of the UK economy are struggling to survive. The very fact that UK taxpayers have effectively invested billions upon billions of pounds into the industry, which is not yet willing to increase liquidity to business and consumers, is a factor which the UK government will need to address sooner rather than later. When we also see significant bonuses paid out in the financial sector it does beg the question as to whether the banking sector is approaching boom times again at the expense of the rest of the economy?

This has been a major issue for the UK financial sector, government and public for many months and is only going to get worse in the short term.

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