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Barclays plans £30bn UK lending spree

Barclays has promised to lend at least £30bn to businesses and individuals over the next three years.

Chief executive CS Venkatakrishnan said the bank was “very, very bullish” on the UK as a place to do business.

Barclays’ focus on lending to Britain’s real economy forms part of a major strategy overhaul at the bank. The lender will focus less on its US investment bank as it seeks to shrink the division’s outsized influence.

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