More than half (55%) of UK financial institutions expect their businesses to growth over the next 12 months.
According to Lloyds' latest Financial Institutions Sentiment Survey, this number is set to increase to 83% over a five-year period. To back up these claims, 25% said they foresaw further expansion within financial services and 58% expected to maintain their current trajectory. With regards to delivering growth, 46% of firms said they are looking to expand in existing markets while 42% are investing in emerging markets. Optimism was fairly high as 60% of respondents predicted that the UK would retain its financial hub status. In addition, two fifths (37%) of respondents plan to i...
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