Barclays profits amid UK economic ‘uncertainty’ in UK

Barclays has reported a profit of £3.5bn for 2018, unchanged on the previous year.

Its UK business took a charge of £150m for “anticipated economic uncertainty” related to Brexit.

The bank’s chief executive Jes Staley said 2018 had been a “very significant” year, with several issues resolved.

Last year it took charges of £2.2bn to cover legal issues and fines, including a large settlement with US regulators and, in the UK, compensation over PPI.