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Barclays to cut 7,000 UK jobs as bonus pool up 10%

Barclays said today its total bonus pool for 2013 rose to £2.38 billion from £2.17 billion for 2012, including a £1.57 billion payout for its investment banking staff.

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Barclays bonus rise 'in the interests of shareholders'

Barclays' CEO has told ITV News the rise in the company's bonus pool is "in the long-term interests of our shareholders".

Antony Jenkins told Economics Editor Richard Edgar there was still a downward trend in bonuses and incentives in the long term, insisting the move was necessary to "get the best talent in the world" to work at the bank.

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