Frequently Asked Questions - Banks Income and Expenditure
This is a selection of the most frequently asked questions along with answers. The contents will be updated on an ongoing basis.
Banks Income and Expenditure: If you require any further assistance on this subject contact us
Q. Which banks data are included in the Income and Expenditure data?
A. Data are collected from all UK resident banks at least once a year.
Q. Where can I find economic data collected from sectors of the economy other than banks?
A. The Office for National Statistics collects data from other economic sectors and publish all economic data.
Q. Does the Income and Expenditure data contain information on all the activities of banks?
A. It includes data for the banking legal entities but not other legal entities of banking groups such as investment management and insurance subsidiaries.
Q. Does the Income and Expenditure data contain information on all the revenues of banks?
A. It only included selected revenue streams such as interest and fees that are used for the purposes of compiling economic statistics until the introduction of a new reporting form at the beginning of 2004 (form PL). This now includes all items in order to make it easier for banks to reconcile the data to the usual format for their published accounts.
