‘The money machine is misfiring’: City blames Brexit for UK’s £20bn productivity headache
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“You would have expected the UK – given the size of its finance sector – to have done at least as well, if not better, than other countries,” says John Springford, an associate fellow at the Centre for European Reform.
“But financial services output has been pretty weak since 2016. And there hasn’t been a great deal of investment in the sector either.”