Thread: Brexit discussion
View Single Post
Old 31-05-2018, 22:57   #2813
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 15,268
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: Brexit discussion
Quote:
Barclays is tightening its lending criteria to a UK economy that is lagging behind the rest of the world.
Chief executive Jes Staley says Brexit uncertainty was helping to stunt economic growth and that was something the bank could not ignore...
The UK economy is still growing - but very slowly. In the last 12 months it has grown 1.2% compared with 2.2% in the US and 2.5% in the eurozone.
Mr Staley said measures might include looking at how big a loan Barclays would be prepared to provide as a percentage of the value of a residential property - the so called loan to value ratio - particularly in London and the South East...
The government has always accepted that businesses - particularly foreign ones - will be cautious about investing in the UK while Brexit is under discussion. But the fact that the headwinds are making a UK bank such as Barclays say explicitly that it is becoming concerned about its exposure to the UK economy is a new development.
http://www.bbc.co.uk/news/business-44323693
1andrew1 is offline