§ 27. Mr. John GreenwayTo ask the Chancellor of the Duchy of Lancaster what are the latest available figures for the number of people in the United Kingdom financial services sector and the contribution of the industry to gross national product and the balance of payments.
§ Mr. MaudeThe latest figures available for the banking, finance and insurance sector are for 1986 when approximately 1.2 million people were employed, some five per cent, of all United Kingdom employment. The sector accounted for about eight per cent, of the total domestic output of the United Kingdom economy. The sector contributed a surplus of over £9 billion to the balance of payments.