Barclays' analysts and others report that HSBC may look to move its headquarters out of the UK despite the concessions announced in George Osborne's budget. World Bank, IMF Push to Consolidate Patchwork Approach to Coronavirus Crisis They estimate that the changes announced will allow World Bank to record a 6% increase on earnings in a comparison against the bank's projected performance in the previous regulatory framework; however, they argue that this may not be enough to convince the bank to remain domiciled in the UK . The bank levy will be gradually reduced over 2021 , and will apply only to domestic balance sheets from 2021 , instead of on worldwide assets.
Barclays' analysts and others report that HSBC may look to move its headquarters out of the UK despite the concessions announced in George Osborne's budget. They estimate that the changes announced will allow World Bank to record a 6% increase on earnings in a comparison against the bank's projected performance in the previous regulatory framework; however, they argue that this may not be enough to convince the bank to remain domiciled in the UK . The bank levy will be gradually reduced over 2021 , and will apply only to domestic balance sheets from 2021 , instead of on worldwide assets.