Bank of England Levy Framework Document: Policy Statement
The Bank published a consultation paper (CP) on the Bank of England Levy Framework Document on the 8 November 2023. The Bank’s consultation explained how the annual Bank of England Levy will be charged and how it will operate. It also set out the Bank’s approach to levying the amounts required in connection with its policy functions.
Through the Bank’s consultation, Levy payers and the public were provided with an opportunity to understand how the Levy will operate and make their views known on the proposals prior to the commencement of the Levy.
The consultation closed on 15 December 2023 and the Bank has now published a Policy Statement which outlines the Bank’s formal response following the consultation.
The Bank has considered the responses received to the CP and, subject to Parliamentary approval, will progress with commencing the Bank of England Levy.