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Barclays sets aside £150m to cover UK ‘uncertainty’ | Business News

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Barclays said it has set aside £150m to cover the impact of “anticipated economic uncertainty in the UK”.

The disclosure in the bank’s annual financial results comes weeks before a possible no-deal Brexit and adds to warnings about the potential fall-out for the economy from other lenders.

Barclays said pre-tax profits for 2018 fell 1% to £3.49bn as it counted the cost of past misconduct including a £1.4bn settlement with US authorities over the sale of toxic mortgage assets in the run-up to the financial crisis.

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