Written question asked by William Wragg (Conservative) on Friday, 15 October 2021, in the House of Commons. It was due for an answer on Wednesday, 20 October 2021 (named day). It was answered by John Glen (Conservative) on Wednesday, 20 October 2021 on behalf of the Treasury.
Loans: Small Businesses
- Question
-
To ask the Chancellor of the Exchequer, whether he has plans to extend the Term Funding Scheme to non-bank lenders to improve alternative financing options.
- Answer
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The Term Funding Scheme (TFS) is a monetary policy tool of the independent Monetary Policy Committee (MPC) of the Bank of England. Therefore, it is not appropriate for the Government to comment on its conduct or effectiveness.
The separation of fiscal and monetary policy is a key feature of the UK’s economic framework, and essential for the effective delivery of monetary policy.
We will continue to work with non-bank lenders to support their participation in the new Recovery Loan scheme following the closure of the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS), and the Bounce Back Loan Scheme (BBLS).
Secondary information
- Type
- Written question
- Reference
- 56374
- Session
- 2021-22
- Subjects
- Loans Small businesses
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2021-10-20 17:29:38 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/56374
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/56374
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2021-22/56374