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Warning over 'regulatory burdens' - opera

Roy Melker

More than a quarter of a million extra jobs could be created if Britain's financial services sector is allowed to flourish and is not held back by over-regulation, according to a report.

PricewaterhouseCoopers (PwC) said "sustainable and well-regulated growth" in the financial sector had the potential to lead to 265,500 more jobs and contribute an additional £50 billion to the wider economy by 2020, helping push gross domestic product (GDP) 2% to 3% higher.

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