Extinction Rebellion protesters smash windows at Barclays London HQ


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Extinction Rebellion activists broke windows at the London headquarters of Barclays on Wednesday, the latest protest aimed at highlighting the role of the financial sector in fuelling what the environmental group calls the climate catastrophe.

Their actions came on the same day as a YouGov poll for Sky News indicated that 25 per cent of Britons are unwilling to change their habits to beat climate change.

Seven environmental activists used hammers to break the windows and then pasted the message "In Case of Climate Emergency Break Glass" on the front of the bank's building.

Extinction Rebellion said the action was part of its so-called "Money Rebellion" against the capitalist system, which uses "nonviolent direct action, causing damage to property to prevent and draw attention to greater damage".

"It is the latest action in protest at the bank’s continued investments in activities that are directly contributing to the climate and ecological emergency," the group said.

The move against Barclays in the Canary Wharf business district came after activists last week splashed black dye on the facade of the Bank of England in the historical financial centre, the City of London.

A police officer detains an Extinction Rebellion activist during a protest outside the Bank of England, in the City of London, London. Reuters
A police officer detains an Extinction Rebellion activist during a protest outside the Bank of England, in the City of London, London. Reuters

Extinction Rebellion says it wants to trigger a wider revolt against the political, economic and social structures of the modern world to avert the worst scenarios of climate change.

"You may dislike our action today but I ask you to compare a crack in a window to funding wildfires and flooded homes," said Sophie Cowen, 30, a campaigner from London.

"We took action today because someone needs to raise the alarm, because broken windows are better than broken futures."

Poll reveals British intransigence on environment

Ms Cowen and Extinction Rebellion may find that neither direct action nor warnings resonate with a significant proportion of the UK public.

The YouGov survey showed economic considerations eclipse environmental factors for the vast majority of respondents.

Just 13 per cent said they would accept higher costs for meat, and a meagre 2 per cent would support increased heating bills to reduce climate change.

Half of respondents supported the UK government's proposed ban on petrol and diesel car sales by 2030, but only 29 per cent said they would be happy not to drive one in the future.

Only 36 per cent supported more taxes for those who fly the most kilometres, and only 20 per cent were prepared to countenance substantial increases in the price of overseas travel.

The poll also revealed widespread ignorance of this year's Cop26 climate change conference, which is being held in Glasgow, Scotland.

Extinction Rebellion Barclays London protest – in pictures

  • An activist from Extinction Rebellion, a global environmental movement, damages a window at the Barclays offices in Canary Wharf, London. Reuters
    An activist from Extinction Rebellion, a global environmental movement, damages a window at the Barclays offices in Canary Wharf, London. Reuters
  • A police officer detains an Extinction Rebellion activist in Canary Wharf. Reuters
    A police officer detains an Extinction Rebellion activist in Canary Wharf. Reuters
  • Activists from Extinction Rebellion sit inside a police car after being detained. Reuters
    Activists from Extinction Rebellion sit inside a police car after being detained. Reuters
  • A slogan reading 'Better Broken Windows Than Broken Promises' is displayed during the protest. Reuters
    A slogan reading 'Better Broken Windows Than Broken Promises' is displayed during the protest. Reuters
  • An activist is led away from the Barclays offices. Reuters
    An activist is led away from the Barclays offices. Reuters
  • An activist hammers the windows of the Barclays offices. Reuters
    An activist hammers the windows of the Barclays offices. Reuters
  • An activist raises her hammer during the protest. Reuters
    An activist raises her hammer during the protest. Reuters
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

RESULT

Manchester United 1 Brighton and Hove Albion 0
Man United: Dunk (66' og)

Man of the Match: Shane Duffy (Brighton)

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

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Dog bites: 1

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Dubai Bling season three

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Rating: 1/5

Sam Smith

Where: du Arena, Abu Dhabi

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

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Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

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6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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September 2021

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December 2024

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May 2025

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August 2025

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