Cardiff Joins Banking Hotspots as 'Statistics Shatter Myth'

Western Mail (Cardiff, Wales), April 1, 2015 | Go to article overview

Cardiff Joins Banking Hotspots as 'Statistics Shatter Myth'


CARDIFF, Edinburgh and Sunderland have been revealed as regional "banking hotspots", with hundreds of new roles being created for local people by banks, according to official figures from the Office for National Statistics.

Between 2011 and 2013 the number of banking jobs in areas like Warrington, Fife and North Tyneside have also received a welcome boost, but this is in contrast to the national trend which saw the overall number of banking jobs decline by almost 28,000.

The decline in the number banking jobs being created has sparked further concern about the contraction of the UK's biggest export industry and the potential future effects of new reforms to banking taxation announced by the Chancellor in this year's Budget.

The figures also show 13 of the 30 local authority areas with the most banking jobs are in the North.

Six are in London, four are in the Midlands, three are in Scotland, two are in the South West, one is in Wales and one is in the South.

Three of the 10 fastest growing local authority areas for banking jobs are in Scotland: Edinburgh, Glasgow and Dundee.

London and the South East account for just 11 of the local authority areas with the most banking jobs. …

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Cardiff Joins Banking Hotspots as 'Statistics Shatter Myth'
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