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<p>We estimate that there are currently 32,300 people directly employed by the asset management industry. This includes for example 3,300 people in Edinburgh, 1,200 people in Coventry, 900 people in Reigate and 500 people in Liverpool. In addition there are tens of thousands whose jobs indirectly rely on the sector.</p><p>Many of these jobs are created by funds which are set up in the UK. The abolition of this tax will encourage more funds to be set up here, thereby safeguarding existing jobs and equipping the UK to compete more effectively in the global race for growth.</p> |