PwC: "Uncertain" outlook for insurance market
Activity grew strongly in the UK financial services sector for the second quarter in a row in the three months to December, however, profitability did not increase as fast as expected, growing at the slowest pace for 18 months, and numbers employed in the sector fell at the fastest pace for 17 years, according to a financial survey published by CBI/Pricewaterhouse Coopers.
Asked how their business volumes fared in the three months to December, 50% said that volumes increased and 23% said they fell. The resulting balance of 27% is in line with firms’ expectation (24%)
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