The BBA’s wishlist includes a demand the Chancellor cut the bank levy faster. Under current plans the tax will be reduced over six years and then limited to domestic balance sheets until 2021. The lobby group also wants an 8 percent surcharge on bank profits to be phased out over time.
Financial services is the U.K.’s biggest export industry selling 62 billion pounds abroad every year, and employing more than 405,000 people, the BBA said.
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