John Varley comments on UK Go

RNS Number : 3446F

Barclays PLC

08 October 2008

 



8 October 2008

BARCLAYS PLC

John Varley comments on UK Government's statement  

Commenting on the UK Government's statement this morning, John Varley, Group Chief Executive, Barclays, said: 

'Barclays welcomes the package of measures which the Government has announced this morning. The package addresses the most significant issues in the market, namely confidence in the strength of the banking system and the working of the money markets. 

These initiatives, along with the Government's announcements in recent days relating to the protection of retail deposits, and the Bank of England's actions to assist the functioning of the money markets, offer welcome stability to the British banking system and will lead to the increased provision of credit to households and businesses. 

Barclays commits to participating in these measures in ways which will protect the interests of our shareholders and customers, and benefit the broader financial system.' 

-ENDS-

For further information please contact:

Investor Relations                                                                           Media Relations

Mark Merson                                                                                   Alistair Smith

[phone]/[phone]                                  [phone]

John McIvor                    

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About Barclays

Barclays is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the United States, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 150,000 people. Barclays moves, lends, invests and protects money for over 42 million customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com.

 

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