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Lookup NU author(s): Dr Simon Raybould, Emeritus Professor Mike Coombes
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The paper explores the dynamics of employment growth and change in the financial sector in the regions of Britain during the 1980s. Complementing other work which has focused on international and corporate finance, it focuses on personal financial markets. The paper demonstrates the way in which regulatory change has initiated corporate diversification into new markets. This reorganization has also included a round of innovation in new financial services and intensified competition in established personal sector markets. Restructuring has both intensified the concentration of the industry in the South and East of the country and Promoted decentralization from London. Professional and managerial staff associated with the development of new services have been concentrated in the Greater South East. The rationalization of branch networks has been more intense in the North and West of the country, while emerging national financial institutions have expanded their branches into southern Britain. The current recession appears to have temporarily at least halted the drift of the financial sector to the
Author(s): Marshall JN, Gentle CJS, Raybould SR, Coombes MG
Publication type: Article
Publication status: Published
Journal: Regional Studies
Year: 1992
Volume: 26
Issue: 5
Pages: 453-467
ISSN (print): 0034-3404
ISSN (electronic): 1360-0591
URL: http://dx.doi.org/10.1080/00343409212331347111
DOI: 10.1080/00343409212331347111
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