B2B drives market demand, with B2B spending representing 50.9% of total demand in 2023. Lloyds Banking Group Plc is the largest company in the UK, generating 8.8% of the industry’s total turnover value in 2023. The industry is fragmented, with the top five companies generating 35.4% of total production value in 2023. The total number of companies increases in 2023, to 124,549 units. The costs of the industry increase by 11.2% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 35.2% of turnover in 2023, the eighth highest regionally. With turnover of USD292 billion, the UK accounts for 17.2% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Monetary Intermediation in the United Kingdom: ISIC 651. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Monetary Intermediation in the United Kingdom: ISIC 651 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of insurance and pension funding, monetary intermediation.
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