Exhibit 7.3

EXHIBITS	Exhibit 7.3
RATIOS OF EARNINGS UNDER UK GAAP TO COMBINED FIXED CHARGES AND PREFERENCE SHARE DIVIDENDS

			Year ended 31st December
	2003		2002		2001		2000		1999
			(in £ millions except for ratios)
COMBINED FIXED CHARGES AND PREFERENCE SHARE DIVIDENDS
Total Interest excluding interest on trading liabilities and interest on deposits		1,877		2,045		2,669		1,896		1,419
Interests on trading liabilities		4,933		4,297		5,824		5,024		3,686
One third of rental expense		85		87		95		74		102
Preference share dividends		0		0		7		33		38
Total fixed charges excluding interest on deposits		6,895		6,429		8,595		7,027		5,245
Interests on deposits and current accounts		3,944		3,811		4,818		4,778		3,271
Total fixed charges including interests on deposits		10,839		10,240		13,413		11,805		8,516
EARNINGS
Income before taxes and minority interests (a)		3,845		3,205		3,425		3,392		2,478
Fixed charges excluding interests on deposits		6,895		6,429		8,588		6,994		5,207
		10,740		9,634		12,013		10,386		7,685
Less
Unremitted pre-tax loss/(income) of associated companies and joint ventures		-21		11		13		14		21
Total earnings excluding interest on deposits		10,719		9,645		12,026		10,400		7,706
Interest on deposits and current accounts		3,944		3,811		4,818		4,778		3,271
Total earnings including interest on deposits		14,663		13,456		16,844		15,178		10,977
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE SHARE DIVIDEND
Excluding interest on deposits		1.55		1.50		1.40		1.48		1.47
Including interest on deposits		1.35		1.31		1.26		1.29		1.29

(a) There was no difference in the income before tax and minority interests in 2003 between Barclays PLC and Barclays Bank PLC (2002 – 2001 £2m, 1999 – 2000: nil). There is no impact on the above ratios as a result of this difference.