Barclays Bank – billions may never be paid back!

Barclays have had to ringfence billions of pounds for fear that many loans will never be paid back, as a direct result of the pandemic.

Along with granting payment holidays for people with loans and credit cards, Barclays was one of the largest providers of emergency loans, to the tune of £27bn.

Barclays will be fine though, their investment arm has had its “best ever year”

if you need any further information on all insolvency procedures, or you or a client has been affected by the pandemic, just telephone Stella and she will make you an appointment with one of our insolvency professionals. Meetings are completely free and without obligation and can be held in any of our offices in Driffield, Grimsby, Hull, Scunthorpe or York whilst observing the socially distancing guidelines, or virtually.

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