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UK banks urge new government to ensure they remain competitive

Fri, 08th May 2015 09:41

LONDON, May 8 (Reuters) - The British Bankers' Associationhas urged the new Conservative government to ensure the industryremains globally competitive and said it would workconstructively with them to do so.

"We need to focus now on implementing the reforms that havealready been legislated for, and ensure that banking - ourbiggest export industry - remains globally competitive," BBAChief Executive Anthony Browne said.

The Conservative party is set to form the next government,removing fears of a break-up of the biggest banks and furtherhikes in a tax on banks' assets.

(Reporting by Matt Scuffham; Editing by Steve Slater)

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