So Barclays post 3 billion profits for the first half of this year, some would argue by fleecing consumers in the UK with high interest rates on loans, credit cards and mortgages.

It's a bit like a double edged sword, should the bank drop interest rates in line with the Bank of England base rate of half percent or should they continue to store up cash and line their coffers to enable them to start lending again? The sooner they are awash with cash the sooner lending restarts.

I spoke with a client earlier today, he has £260,000 borrowing on credit cards and unsecured loans, Barclays, through their unsecured loans and credit cards, are owed around £103,000!

Sensible or irresponsible lending? Be interesting to see their real debt book.

Mike will be commenting on this today on Five news, 3 August at 5pm