UK Maritime Industry Employs 635,000 – STUDY

Port of Southampton. Image via Associated British Ports
Port of Southampton. Image via Associated British Ports

The U.K.’s ports, shipping and maritime services industries employ 635,000 people, contributing 8.45 billion pounds ($13.71 billion) in tax revenues, according to a study for Maritime U.K.

Maritime businesses generated 31.73 billion pounds, equivalent to 2.1 percent of the total economy, more than the restaurant and mobile food, and the civil engineering sectors in 2011, according to the study by Oxford Economics, an Oxford, U.K.-based forecaster.

-By Michelle Wiese Bockmann. Copyright 2012 Bloomberg.
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