Proceeding contribution from Stephen Timms (Labour) in the House of Commons on Thursday, 9 October 2008. It occurred during Topical debate on TOPICAL DEBATES Financial Stability.
TOPICAL DEBATES Financial Stability
My hon. Friend is absolutely right. I have been struck by how some people who have customarily denounced any form of Government intervention are now calling for precisely that intervention. There are three strands to what the Chancellor announced yesterday: first, the provision of sufficient liquidity now; secondly, making available new capital to UK banks and building societies to strengthen their resources and restructure their finances while maintaining support for the real economy; and thirdly, ensuring that the banking system has the funds that it needs to maintain lending in the medium term.
Secondary information
- Type
- Proceeding contribution
- Reference
- 480 c424
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Assets Debts Bank services Banks Credit Bank of England Borrowing Investment Financial institutions Financial Services Authority Financial markets Local government Public expenditure Mortgages Loans Lloyds TSB Housing market HBOS Government guaranteed credit Royal Bank of Scotland Abbey National ING Bank Landsbanki Bradford and Bingley Heritable Bank
- Legislation
- Anti-terrorism, Crime and Security Act 2001
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2023-12-16 02:12:00 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_498309
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