Financial services sector's tax contributions rise to £71bn

That total represents the highest since the survey began in 2007 and an increase of almost £5bn (7.4%) on last year's figure  of £66.5bn. It amounts to 11.5% of the UK government's total tax receipts - half a percentage point more than in last year's study. In the foreword of the report, City of London Corporation chairman of policy and resources Mark Boleat said: "In light of the UK's decision to leave the EU, these new findings not only demonstrate the significant contribution made across financial services to UK government revenues, but are also key in helping us to understand the pot...