Proceeding contribution from Mark Hoban (Conservative) in the House of Commons on Tuesday, 7 February 2012. It occurred during Opposition day on Banking (Responsibility and Reform).

Banking (Responsibility and Reform)

Indeed. My hon. Friend has made an important point which should be noted by the Opposition. Net lending takes into account not just banks' gross lending but decisions that businesses make to pay down their debt, and that is what we are seeing. We are seeing businesses deleverage in the same way as banks are deleveraging. I do not know whether the Labour party believes that banks should stop businesses paying down their debt in order to force up the net lending figures.

Secondary information

Type: Proceeding contribution
Reference: 540 c195
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Bank services Banks Credit Incentives Pay Managers Loans Small businesses Regulation Reform Bank levy
Link: View this Proceeding contribution on www.publications.parliament.uk

Banking (Responsibility and Reform)

Secondary information

Librarians' tools