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The Economy

My hon. Friend is absolutely right. The whole purpose of these guarantees is to try to get the money out of the banks and into businesses. We were told that the recapitalisation in October would achieve that, but it failed. That is why we needed a national loan guarantee scheme. The examples that we are hearing about today—there are countless other such examples around the country—are examples of how the Government are failing to deliver on the promises that they have made to the public and are failing to deliver on their basic duty to help people in this recession.