Business · 1 hour ago
Barclays Spends Over £100m Cutting UK High Street Jobs
Rodhullandemu via Wikimedia Commons (CC-BY-SA-3.0)
Barclays is spending more than £100m on job cuts, mostly in its UK high street banking arm, as part of a drive to reduce costs, The Times reports. The bank has said it will book £125m of restructuring costs in its UK business this quarter. Barclays is due to report third-quarter results soon, amid talk of higher taxes on banks in the 28 October Budget.
Reported by The Times · How we write briefs