Extract . . .
Targets could encourage irresponsible lending, says the bank's SME chief in a bizarre role reversal.
"Get your tin hats out, the apocalypse is on its way. We only say that because, in an unprecedented reversal of roles, a bank has managed to find a way to accuse the government of being irresponsible. Steve Cooper, the man in charge of business lending at Barclays, has dug his heels in over lending targets the Government wants Barclays to sign up to. Cooper says he’s worried the targets could encourage banks to take a reckless approach to lending. In the great battle between banks, businesses and the Government over the state of business lending, it’s the first line of reasoning from a bank that has actually made sense. We think we spy the four horsemen in the distance . . ."
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