Former British prime minister Thatcher ("Iron Lady") decided, that the future is in the service sector. Also the most lucrative service sector was the finance sector. So it was fostered to a big extend and the finance sector of London is one of if not the biggest industries of GB.
In fact, it is all that is left of the former Empire. All other industries of GB are not competitive any more. Car industry is not and many of the well known car brands are already sold to other car corporations. Mini belongs to BMW, so does the renowned "Rolls-Royce" brand, Rover was sold and sold again, now belonging to Tata.
The concentration to the finance sector did the other industries of the British isle not well. All what is left, is finance and so Britain is struggling and fighting every time, when the EU wants to regulate the finance sector.
Former British prime minister Thatcher ("Iron Lady") decided, that the future is in the service sector. Also the most lucrative service sector was the finance sector. So it was fostered to a big extend and the finance sector of London is one of if not the biggest industries of GB.
In fact, it is all that is left of the former Empire. All other industries of GB are not competitive any more. Car industry is not and many of the well known car brands are already sold to other car corporations. Mini belongs to BMW, so does the renowned "Rolls-Royce" brand, Rover was sold and sold again, now belonging to Tata.
The concentration to the finance sector did the other industries of the British isle not well. All what is left, is finance and so Britain is struggling and fighting every time, when the EU wants to regulate the finance sector.
They are captives of their own system.