Press releases

29th Mar 2015 Back to top
24th Mar 2015 Back to top
18th Mar 2015 Back to top
  • BBA response to bank levy increase in the Budget

    Commenting on the increase in the bank levy announced in today’s budget, BBA Chief Executive Anthony Browne said:

    “Banks in the UK already pay more than £40 billion in taxes each year, helping to fund schools and hospitals across the country.

    “The bank levy imposes a significant cost on banking businesses in the UK, which is making many banks move work and jobs to other parts of the world, and is deterring international banks from investing in the UK.  This major increase in the bank levy is likely to accelerate that process and damage the competitiveness of the UK economy.

    “This will also further disadvantage UK headquartered banks by increasing tax on their overseas activities, while their competitors in those markets do not pay this tax at all.”

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16th Mar 2015 Back to top
9th Mar 2015 Back to top
4th Mar 2015 Back to top
  • Good news for the single market

    Responding to the ECJ’s judgment on counter parties involved in clearing of securities, Anthony Browne, the Chief Executive of the BBA, said:

    “This is good news for all those who believe in the single market.

    “It’s vital that there is a level playing field for all businesses within the EU, whether they are based inside or outside the eurozone.

    “This judgment shows that EU institutions can work in the best interests of all members states.”

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1st Mar 2015 Back to top
  • BBA response to Lib Dem bank tax announcement

    Responding to the announcement by the Liberal Democrats that they plan to impose a new tax on banks in the UK, a BBA spokesman said:

    “Banks in the UK already pay more tax than any other industry. The tens of billions of pounds the banking sector pays each year make a major contribution to funding schools and hospitals across the country.

    “Introducing yet another tax on banks will not improve financial stability.”

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26th Feb 2015 Back to top
  • BBA comment on the results of the SME Finance Monitor 2014 Q4

    Commenting on the SME Finance Monitor 2014 Q4 results, a BBA spokesperson said:

    “This research shows that nearly eight out of 10 businesses have had the green light for finance in the past 18 months and confidence amongst SMEs is at its highest levels since this survey began in 2011.

    “It’s great that businesses are saying they feel positive about their future and few now see securing finance as a barrier to doing business.

    “There is, however, still a gap between perception and reality when it comes to being approved for lending. If you’re thinking about applying we would urge you to speak with your bank – you are a lot more likely to get a “yes” than you might think.”

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25th Feb 2015 Back to top
  • January 2015 figures for the high street banks

    Richard Woolhouse, Chief Economist at the BBA, said:

    “We’ve seen a sharp drop in bank deposits in the last month as savvy customers take advantage of the attractive rates on offer through the Government’s pensioner bond scheme.

    “There continues to be strong demand for personal borrowing which is at its highest levels in recent years.

    “The housing market appears to be bottoming out with a slight increase in approvals for new purchases in the last month but this is still significantly down on the levels of activity we saw last year.”

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23rd Feb 2015 Back to top
  • BBA response to the regulators’ announcement on NEDs and the Senior Managers Regime

    Responding to the announcement by the Prudential Regulation Authority and the Financial Conduct Authority on how they will include non-executive directors in the Senior Managers Regime, BBA Executive Director Simon Hills said:

    “The banking industry supports the greater accountability that will be introduced by the new Senior Managers Regime. We did however express concerns last year that applying the new rules to all non-executive directors could have undermined their independence by making them too ‘hands on’.”

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