Budget 2013: The bankers‘ view

"There were a range of measures to help boost growth. We particularly welcome the announcement of the abolition of stamp duty on companies on junior stock markets. Also, we have written to the government to suggest ways to extend the funding for lending scheme and look forward to further discussion on enhancing this scheme to increase its benefit to businesses. The commitment to reduce regulatory barriers to creating new banks will drive greater competition in our sector, as will the review of the payments infrastructure."

ANTHONY BROWNE, CHIEF EXEC, BRITISH BANKERS’ ASSOCIATION