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Proceeding contribution from Gordon Banks (Labour) in the House of Commons on Wednesday, 23 November 2011. It occurred during Opposition day on Economic Growth and Employment.


Economic Growth and Employment

I never mentioned quantitative easing—I was talking about term loans. Term loans are being offered to businesses because they are better for the lender, not the borrower, and because they deliver a skewed figure into the Merlin arrangements. That cannot be acceptable. Business should not be run on term loans.


Secondary information

Type
Proceeding contribution
Reference
536 c339 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Business Banks Finance Economic growth Pay Young people Trade Taxation Unemployment Regional Growth Fund BRIC countries
Link
View this Proceeding contribution on www.publications.parliament.uk