London Will be the Fastest Growing City Regarding Insurance

Will London be the fastest growing city in 2025 and, in this case, cover a variety of products and services aimed at the market, such as B. income insurance? Discussions about the importance and importance of insured London employees to protect income and payments. Although the media is constantly informed about the closure of London companies and the dismissal of several London companies, one of the latest Citi Group reports predicts positive news for London.

 It is important to understand what assumptions the basis of this report is, and which are not met. If you ignore the small print, you can easily interpret this report as an indication that the chaos of London is coming to an end and the days of income protection and payment protection Insurance in London are over! According to a study by the Citi Group, the largest GDP jump is expected to occur in London until 2025. This means that London, as a city, will be clear in front of its competitors. High performance in financial services per square mile and in tourism will be a key factor that will help London overtake Chicago and take this coveted position. This is expected to occur in the middle of the next decade. This makes London the fourth-largest economy in the city. 

Although there are different views about growth in London, Citi analysts believe the financial district of London will help achieve this desired position. Another factor that will help London is the prediction that the population will not grow or stagnate, even as the economy grows. This contributes to per capita growth. 

Although these figures are impressive and positive news for London and the UK financial services sector, they are based on fairly optimistic assumptions, and over the next ten years, the increase in non-population in London will be significant. Like all statistics, the reality of such an estimate depends on the assumptions used. It doesn't make sense to think that people in London will be the same for the next 15 years. All data from the government shows that immigration has not declined. Changes in the business model of banks and other financial institutions will undoubtedly result in redundancies.

The financial sector employs less than 50% of London and will soon be taken over by the telecommunications, media and advertising industries. The reality is that, apart from immigration, there will be a lot of redundancies due to fundamental changes in the British financial market business model. It is generally reported that project and IT management staff have excessive potential and there is no doubt a new wave of redundancy after the integration of the internal systems of the big banks that joined a few years ago.

Therefore, it is important that such analysis does not mislead people and does not protect them from their income or payments.

In fact, someone who wants to be economically active must have a steady income and a profession that always doubts whether the alternative is realistic and invests in reliable policies on accidents, illness, and unemployment. Studies such as the Citi group discussed in this article, which is based on subtle assumptions, should not deprive people of reality.