Forecast: Value Added of Activities Auxiliary to Financial Service and Insurance Activities in the UK

The forecasted value added of activities auxiliary to financial service and insurance activities in the UK is projected to rise steadily from £59.16 billion in 2024 to £66.73 billion in 2028. In 2023, this value stood at £57.38 billion. The year-on-year percentage increase is 3.29% from 2024 to 2025, 3.13% from 2025 to 2026, 2.98% from 2026 to 2027, and 2.82% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 3.06%.

Future trends to watch for include:

  • The impact of technological advancements on efficiency and cost-effectiveness in auxiliary services.
  • Regulatory changes potentially affecting market dynamics and operations.
  • Shifts in consumer preferences and global economic conditions influencing demand for financial services.

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