By Daniel Hunter

A new industrial strategy published today (Thursday) sets out how the UK can strengthen its position as a global leader in professional and business services (PBS). The sector is one of Britain’s foremost success stories employing four million people and is worth more than £150 billion to the UK economy, contributing 11 per cent of GDP.

The strategy has been produced in partnership by government and businesses in areas like advertising, accountancy, legal services, management consultancy and recruitment. It is the latest step in the government’s industrial strategy and follows the recent launch of strategies for construction, aerospace and nuclear power and other key sectors to secure sustainable future growth in the economy.

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