Exhibit 7.1

EXHIBITS RATIO OF EARNINGS UNDER UK GAAP TO FIXED CHARGES Exhibit 7.1

	Year ended 31st December
	2004			2003			2002		2001		2000
	(in £ millions except for ratios)
Fixed Charges
Total Interest excluding interest on trading liabilities and interest on deposits		2,080			1,877			2,045		2,669		1,896
Interest on trading liabilities		7,414			4,933			4,297		5,824		5,024
One third of rental expense		91			85			87		95		74
Total fixed charges excluding interest on deposits		9,585			6,895			6,429		8,588		6,994
Interest on deposits and current accounts		4,741			3,944			3,811		4,818		4,778
Total fixed charges including interests on deposits		14,326			10,839			10,240		13,406		11,772
EARNINGS
Income before taxes and minority interests (a)		4,603			3,845			3,205		3,425		3,392
Fixed charges excluding interest on deposits		9,585			6,895			6,429		8,588		6,994
		14,188			10,740			9,634		12,013		10,386
Less
Unremitted pre-tax loss/(income) of associated companies and joint ventures		(44	)		(21	)		11		13		14
Total earnings excluding interest on deposits		14,144			10,719			9,645		12,026		10,400
Interest on deposits and current accounts		4,741			3,944			3,811		4,818		4,778
Total earnings including interest on deposits		18,885			14,663			13,456		16,844		15,178
RATIO OF EARNINGS TO FIXED CHARGES
Excluding interest on deposits		1.48			1.55			1.50		1.40		1.49
Including interest on deposits		1.32			1.35			1.31		1.26		1.29

Note

a) There was a difference in the income before tax and minority interests in 2004 between Barclays PLC and Barclays Bank PLC of £9m (2003: nil, 2002-2001 £2m, 2000: nil). There is no impact on the above ratios as a result of this difference.