The Daily Telegraph reports that the bank had been considering moving to Asia, where many of its operations are focused, because the bank levy taxes all UK-based banks' global balance sheets, hitting lenders with major overseas operations hard.
But the levy is now going to be cut back and replaced with a UK-focused corporation tax surcharge.
'We were happy with Budget, which took one of the big issues off the table', said Mr Winters. 'That was very helpful, in terms of immediate pressures' on the bank's decision as to where to base its headquarters, he said. Although the bank could still consider its domicile over the years to come, 'it is not a top priority for us right now'.
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