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Proceeding contribution from Baroness Burt of Solihull (Liberal Democrat) in the House of Commons on Tuesday, 21 April 2009. It occurred during Debate on bill and Committee of the Whole House (HC) on Industry and Exports (Financial Support) Bill.


Industry and Exports (Financial Support) Bill

I am grateful for your guidance, Madam Deputy Speaker. I was merely trying to talk about what the Bill will achieve in terms of supply and about where guarantees paid for out of taxpayers' money are being directed. We have a worry—there was a conversation on this subject earlier in the debate—about the proportion of supply that went to smaller companies and to larger companies. My point was that the huge companies seem to be swallowing the guarantees while a relatively small amount of money goes to smaller exporters. In conclusion, although we welcome the Bill overall we have some reservations. We would be grateful if the Minister considered conducting a review after a year or so to allow the House to scrutinise whether the Bill is working as well as we all hope that it will. Question put and agreed to. Bill accordingly read the Third time and passed.


Secondary information

Type
Proceeding contribution
Reference
491 c168-70 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Finance Exports Industry Grants Export credit guarantees Government assistance UK Export Finance EU grants and loans Motor vehicles Loans Overseas investment
Legislation
Industry and Exports (Financial Support) Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk