Posted: 21 May 2024 Resource Type: Research Report Download Back £110.2bn The Total Tax Contribution of the financial and related professional services industry in 2023 The City of London Corporation and TheCityUK have jointly commissioned a survey of the total tax contribution made by UK financial and related professional services. Nationally, the financial and professional services industry contributed a record £110.2bn to the public purse in 2023. This is 12.3% of total UK tax receipts: more than the government’s annual education budget and more than half the health budget. Prepared by PwC, the report highlights the value of enhancing the competitiveness of the UK’s financial and professional services industry to support investment and the broader UK economy. For an accessible version, or to ask about older reports, please contact us. Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Research Report City statistics briefing Nov 2024 - The City Statistics briefing looks at the City of London's role as a global business hub for financial and related professional services. City statistics briefing Research Report London RMB Business Bi-annual Report May 2024 - The London RMB Business Bi-annual Report serves to contribute to the understanding of the London offshore RMB market. London RMB Business Bi-annual Report Research Report UK-Australia post FTA regulatory cooperation Feb 2023 - This report focuses on the opportunities afforded the financial and professional services sector through the creation of a Regulatory Dialogue between UK and Australia. UK-Australia post FTA regulatory cooperation Research Report Shaping the future of borderless work Nov 2022 - This report explores how the UK can lead innovation, shape multilateral dialogue and ensure UK competitiveness as borderless working becomes mainstream. Shaping the future of borderless work