# Policy wonks at Barclays Plc reckon their proposal could save the taxpayer about £2.5 billion ($3.4 billion) in interest payments each year.

*business · news · 2026-04-27 · Bloomberg*

## Key points

- Barclays policy team proposes UK banks should exclude gilts from leverage ratio calculations.
- This change could allow British banks to buy up to £150 billion more government bonds.
- Barclays estimates the policy could save UK taxpayers about £2.5 billion annually in interest payments.
- Shifting regulatory treatment would incentivize banks to switch investments from cash to government debt.

**Companies:** Barclays Plc
**Countries:** United Kingdom

[Read the full story on Bloomberg](https://www.bloomberg.com/opinion/articles/2026-04-27/barclays-has-a-plan-to-ease-the-uk-s-fiscal-woes)

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