Proceeding contribution from Tobias Ellwood (Conservative) in the House of Commons on Monday, 8 December 2008. It occurred during Queen's speech debate on Employment, Universities and Skills and Housing.

Employment, Universities and Skills and Housing

May I go back to the point made by my hon. Friend the Member for Banbury (Tony Baldry)? The problem is that small and medium-sized businesses cannot get hold of the money and loans they need, because the £37 billion of taxpayers' money lent by the Government has been lent at an interest rate of about 12 per cent. That compares with only 5 per cent. in the United States or Germany. As long as the rate is 12 per cent., how can money possibly be handed down to the SMEs that are begging for money so that they can stay solvent?

Secondary information

Type: Proceeding contribution
Reference: 485 c307
Session: 2008-09
Chamber / Committee: House of Commons chamber
Subjects: Business Employment Housing Education Further education Investment Financial markets Economic situation Housing stock Public expenditure Standards Universities Training Repairs and maintenance Technology Skilled workers Science Addresses to the Crown
Link: View this Proceeding contribution on www.publications.parliament.uk

Employment, Universities and Skills and Housing

Secondary information

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