- Says some banks have been lending at 5 times the income level
- Sees distortions between SME lending and housing lending
- Wants more sources for bank lending to business
- Banking risks still exist and can come from anywhere
Business secretary Vince Cable worrying about housing and lending. He’s got a right to be worried if banks are lending at those high multiples. It’s stupidity like that which got banks and borrowers into the mess in the first place, and will put borrowers in further trouble on even the smallest of interest rate rises
