The BBA is now integrated into UK Finance. Please go to www.ukfinance.org.uk for new content and updates from UK Finance.
Material published by BBA prior to 1st July 2017 is still available on this website.
From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance. It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation will take on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.x
BBA Chief Economist Richard Woolhouse said:
“The banks have been working with the Government to help rebuild Britain’s savings culture. So it’s really encouraging to see evidence of savers taking advantage of the new cash ISA regime in the latest figures.
“Savings were a little low during the first half of 2014, but it seems people were just waiting until the new rules came into effect to invest their money.
“Initiatives like NISA are steps in the right direction but today’s household savings ratio is half that of our parents’ generation. More still needs to be done.”
Please read the full release and excel tables via the links below.