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Evening Standard
Evening Standard
Business
Simon English

Barclays beats City forecasts, but bad debts rise

Barclays has been hit with a £50 million fine from the UK’s financial watchdog (Tim Goode/PA)

(Picture: PA Wire)

RISING interest rates pushed Barclays to £2 billion profit for the last three months, about £200 million better than City forecasts.

While that will please long-suffering investors, it could catch the eye of new PM Rishi Sunak, looking to fill a £40 billion hole in the public finances.

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