HSBC has made a "pretty clear criticism of Tory policy" in announcing a review of the location of its headquarters, ITV News Business Editor Joel Hills said.
The bank specifically warned of the "economic uncertainty" over the Britain's membership of the European Union when it announced it was considering moving its base out of the country.
HSBC also warns "one economic uncertainty stands out that of continuing UK membership of the EU". Pretty clear criticism of Tory policy.
Joel Hills also said the Government's bank levy had cost the bank £740 million last year.
80% of HSBC's profits are made in Asia. British HQ means bank has to pay government's Bank Levy. Last year it cost the bank £740m.
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