COMMENTARY: GROWTH PROSPECTS AND FINANCIAL SERVICES.

The article presents an overview on the vital role of the financial services sector in the British economy for the past twenty years. The sector has done interrelated functions like acting as a medium between borrower and lenders and providing insurance to businesses. For the past twenty years, the growth rate of the sector has increased at 4.7% per annum, while the economy as a whole has increased at 2.6% per annum. The contribution of the financial sector to the country's economy grew by 5.8% while the average gross real domestic income grew by 2.7% and the national income by 2.3%.