Bank of England Considers Ending Form BN Data Collection

The Bank of England has issued Green Notice 2026/02, providing an update on the consultation regarding the proposed discontinuation of Form BN data collection. Following feedback from the Office for National Statistics (ONS), the Bank has assessed the feasibility of recreating the statistics derived from Form BN using alternative sources such as Form CC/CL. The assessment concluded that this is not currently feasible due to practical challenges. The notice outlines next steps and references other statistical notices, including Statistical Notice 2026/07 regarding the Bank of England Levy Notification Document for Levy Year 2026/27, Statistical Notice 2026/06 updating definitions on Form PL, Statistical Notice 2026/05 implementing Bank of England Statistics Taxonomy v1.3.1, and Statistical Notice 2026/04 concerning BEEDS User Acceptance Testing (UAT) Environment for Statistical Taxonomy v1.3.1. The Bank of England is responsible for collecting and publishing statistical data, and Form BN is used in the production of UK National Accounts. The consultation process has clarified the ONS's reliance on these statistics. The Bank of England will continue to engage with stakeholders and provide further updates as necessary.