00:01Britain's financial services sector has reported a strong recovery at the start of the year.
00:07The news offers a welcome boost after a gloomy end to 2025.
00:12Banks, insurers and investment managers have said that nearly two-thirds of businesses
00:17were expanding, according to a long-running survey by the Confederation of British Industry.
00:23That is the fastest turnaround since December 1996.
00:27Strong profits have lifted bank share prices to levels not seen since before the global financial crisis.
00:34Chancellor Rachel Reeves has called financial services the crown jewel of the economy,
00:40urging regulators to balance growth with consumer protection.
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