Spatial Perspectives on Technological Changes in the Banking Sector of the United Kingdom

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Abstract
In this paper the impact on employment of technological changes in the banking sector is examined. A range of technologies are described which utilise computer, electronic, and telecommunications equipment to produce, store, obtain, and transfer information. Economic pressures on the banks to use the equipment are considered. The influence of the organisation of banking institutions on the introduction of technology is outlined. It is argued that technological change seems unlikely in the short term to be associated with a considerable decline in employment in the banking sector, but that there could be important changes in the nature and location of work. The introduction of technology appeared initially to support the concentration of employment in the main centres of banking activity. However, present evidence and likely future trends indicate that some dispersal of banking activities from London and the South East of the country is possible.

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