Proceeding contribution from Mark Simmonds (Conservative) in the House of Commons on Monday, 11 October 2010. It occurred during Debate on bill on Finance (No. 2) Bill.
Finance (No. 2) Bill
I am grateful for the intervention of my hon. Friend, who is absolutely right. If he has an interest in these matters, he will also be aware that one of the outstanding main problems of UK commercial and investment banks is their level of debt against commercial property, which has fallen in value since the heights of the market back in 2006-07. The banks are finding it difficult to unravel some of those positions. The real estate investment trust structure may enable them to find a way through some of those problems.
Secondary information
- Type
- Proceeding contribution
- Reference
- 516 c69
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Corporation tax Banks Capital investment Borrowing Film Financial institutions Economic situation Public expenditure Public sector debt Small businesses Tax allowances Taxation VAT Trusts Tax rates and bands Real estate investment trusts Enterprise investment scheme
- Legislation
- Finance (No. 2) Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 18:16:39 +0000
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