Talks on bank bonuses delayed again

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2011&sol;01&sol;talks-on-bank-bonuses-delayed-again&period;jpg"><img class&equals;"alignnone size-full" title&equals;"Chancellor George Osborne is talking to the banks about bonuses and lending levels" src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2011&sol;01&sol;min-talks-on-bank-bonuses-delayed-again&period;jpg" alt&equals;"Chancellor George Osborne is talking to the banks about bonuses and lending levels"&sol;><&sol;a><&sol;p>&NewLine;<p>A deal on bank bonuses and lending levels has been delayed further as the Government and Britain&&num;8217&semi;s biggest banks fail to agree business loan targets&comma; it has been reported&period;<&sol;p>&NewLine;<p>An announcement on the talks&comma; known as Project Merlin&comma; was expected as early as Monday but is now not likely until at least next week or later in February&period;<&sol;p>&NewLine;<p>One of the disagreements is said to be over figures being mooted for lending to small businesses in the year ahead&period; Bank bonuses and transparency also remain a sticking point&period;<&sol;p>&NewLine;<p>Any agreement is also likely to be delayed by Chancellor George Osborne&&num;8217&semi;s upcoming commitments&period; He is due to attend the World Economic Forum in Davos towards the end of the week&period;<&sol;p>&NewLine;<p>Project Merlin was designed as a way of reaching agreement on bank pay and lending to businesses&comma; before this year&&num;8217&semi;s controversial bonus round&period;<&sol;p>&NewLine;<p>John Varley&comma; until recently chief executive of Barclays&comma; has been leading the industry&&num;8217&semi;s involvement in the talks with the Government&period;<&sol;p>&NewLine;<p>The Treasury said that the negotiations were still taking place&period; However&comma; talks have dragged on amid difficulties over finalising lending commitments and because banks are unwilling to cut their bonus levels for the third year in a row&period;<&sol;p>&NewLine;<p>Banks are believed to be concerned about promising to lend a certain amount to businesses&comma; many of which face further shocks from the economic crisis&period;<&sol;p>&NewLine;<p>The Government is reportedly keen to ensure any lending goal is stretching enough&comma; and that some concession on bonus handouts is provided by banks&period;<&sol;p>&NewLine;<p>A further delay relates to the impact of upcoming recommendations from the Independent Commission on Banking which is looking into whether or not to break up the big banks&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68e1f23d81d87">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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