Between the Lines: New Financial Body Welcome As Battered Sector Seeks to Muscle Up

Summary


IN OLDEN times, before banks erupted into molten fireballs and destroyed the earth, the contribution of financial services to the UK economy was championed by a body with the apt name of British Invisibles.

Its job was to explain to baffled journalists what it was exactly behind the tag of "invisibles" that every month seemed to save the UK balance of payments from drowning in a sea of red ink.

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Between the Lines: New Financial Body Welcome As Battered Sector Seeks to Muscle Up

"Invisibles" was the tag under which was lumped together our earnings from financial dealings, insurance, tourism and overseas portfolio investment.

Compared with ball-bearings and bottles of...

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