Almost no appetite’ among British banks to leave EU

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Britain&&num;8217&semi;s banks have &&num;8220&semi;almost no appetite&&num;8221&semi; for the UK to leave the European Union and nearly two-thirds believe Brexit could harm their business&comma; according to a survey&period;<&sol;p>&NewLine;<p>The British Bankers&&num;8217&semi; Association &lpar;BBA&rpar; said almost 60&percnt; of banks polled feared a &&num;8220&semi;negative impact&&num;8221&semi; on their organisation if the UK voted to leave the EU&comma; with 26&percnt; saying the impact would be significant&period;<&sol;p>&NewLine;<p>It also found that of those that had a position on the referendum outcome&comma; 98&percnt; said the UK remaining in the EU was in the bank&&num;8217&semi;s best interest&period;<&sol;p>&NewLine;<p>Anthony Browne&comma; chief executive of the BBA&comma; said&colon; &&num;8220&semi;Our survey shows there is almost no appetite from banks for the UK to leave the EU&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The single market is of crucial importance to the UK banking industry&comma; which employs over half a million people&comma; contributes over £31bn in tax a year&comma; and is the country&&num;8217&semi;s biggest export industry&period;&&num;8221&semi;<&sol;p>&NewLine;<p>But he said the BBA would take a &&num;8220&semi;neutral position&&num;8221&semi; on the referendum debate&comma; given that the majority of its members &&num;8211&semi; 63&percnt; &&num;8211&semi; had not expressed a position on whether the UK should remain in the EU&period;<&sol;p>&NewLine;<p>Just over 50&percnt; of the BBA&&num;8217&semi;s 147 voting members responded to the survey&comma; which the BBA said representsed 90&percnt; of the UK banking sector workforce&period;<&sol;p>&NewLine;<p>High street giants Barclays and the Royal Bank of Scotland have previously said they want Britain to remain in the EU&comma; while HSBC warned it could move around 1&comma;000 investment banking jobs to Paris in the event of a Brexit&period;<&sol;p>&NewLine;<p>Lloyds Banking Group also recently warned in its annual report that a vote to leave could &&num;8220&semi;create a period of uncertainty&&num;8221&semi; and hamper companies&&num;8217&semi; investment plans&comma; as well as potentially leading to higher interest rates&period;<&sol;p>&NewLine;<p>Lucy Thomas&comma; deputy director of the Britain Stronger In Europe campaign&comma; said&colon; &&num;8220&semi;Banks and their customers benefit from the stability provided by our EU membership and the single financial passport that allows banks to operate across Europe&period;<&sol;p>&NewLine;<p>&&num;8220&semi;This passport is not available to any country outside the EU so would be a massive loss for banks in Britain&comma; 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2 COMMENTS

  1. Banks do not give a damn as long as they keep making those billions. Brexit does not favour George and his banker friends. Refugee threats and all these terrorism acts in Europe is such a problem. Brexit is our best bet to reduce the terror acts from getting in to us in Britain.

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