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Proceeding contribution from Paul Farrelly (Labour) in the House of Commons on Tuesday, 29 November 2011. It occurred during Ministerial statement on Autumn Statement.

Autumn Statement

I look forward to meeting the Chancellor over the Prime Minister's broken promise to award an enterprise zone to north Staffordshire. Regarding lending to small business, can the Chancellor confirm that under his loan guarantee scheme, the credit risk will remain with the banks? If so, how will it work in practice given that the banks have been averse to lending and expanding their balance sheets? Furthermore, what safeguards will there be to ensure that they do not largely fatten interest margins and their profits under his scheme?

Secondary information

Type
Proceeding contribution
Reference
536 c833 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Business Development aid Borrowing Health and safety Energy Infrastructure Excise duties Fuels Government assistance Economic situation Forecasts National income Pre-school education Pay Workplace pensions Planning Public sector Public expenditure Mortgages Railways Loans Public finance Public sector debt Social security benefits State retirement pensions Schools Young people Transport Taxation Unemployment Science Economic recession Autumn statement Office for Budget Responsibility Bank levy
Link
View this Proceeding contribution on www.publications.parliament.uk