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City of London says UK leads global finance; financial services growth falters

By Sofia Gerace ( January 22, 2026, 00:01 GMT | Insight) -- London has retained its position as the world’s leading financial center for a sixth consecutive year, even as UK financial services growth slowed amid mounting pressure on the sector to drive economic growth. The City of London Corporation warned that in 2024, UK financial services’ contribution to gross value added — a measure of the value of goods and services produced in the economy — rose just 3 percent over the previous year.London retained its position as the world’s leading financial center for a sixth consecutive year, the City of London Corporation has said, even as UK financial services growth slowed to its weakest pace since 2020 amid mounting pressure on the sector to drive economic growth....

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