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Barclays dismisses government plans to impose targets for business lending

Barclays Bank has said it will not sign up to any government plan to impose targets for lending to small businesses.

Steve Cooper, head of Barclays' small business division told the Financial Times: "I'm not going to sign up to a target. I don't want to create an expectation that if Barclays said no yesterday it could say yes tomorrow (because it has a target to achieve)."