Barclays spends more than £100m on cutting jobs

Barclays' £125m Q3 restructuring charge and £250m quarterly cost guidance reflect aggressive efficiency measures, offset by expectations of record £10.4bn annual profit. Management downplays Labour's proposed banking tax, limiting financial impact. UK bank peers fell on tax fears, but Barclays' direct exposure is modest. Short-term pressure on UK bank equities, no broad market contagion.