Banking trade body to weigh in on Brexit debate

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An organisation representing banks in the UK has decided to “take a position” on Britain’s forthcoming referendum on its membership of the European Union and will soon poll members on what that position should be.

The British Bankers’ Association’s board agreed to survey members’ views on the possibility of ‘brexit’ at a meeting on Thursday morning, writes Laura Noonan.

“The board discussed proposals for taking a position on the EU referendum,” a BBA spokesperson said.

“It agreed to survey BBA membership and publish the results in due course, after the renegotiations are complete.”

Banks including Goldman Sachs and JPMorgan have been big donors to the ‘in’ campaign that is pushing for Britain to remain within the EU.

But some other leading banking figures, including Lloyds’ Banking Group chairman Lord Blackwell, are more sceptical of the value of the UK’s EU membership.

A date for the referendum has not yet been set but expectations are that it will take place in June.

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