Clause 23
Housing and Regeneration Bill
5:30 pm
Iain Wright (Parliamentary Under-Secretary, Department for Communities and Local Government; Hartlepool, Labour)
I will be short and sweet. In respect of the right hon. Gentleman’s first point about whether short-term borrowings will fall within limits as per clause 26, I can confirm that they will. On his point about the restricted nature of the agency’s borrowings via the Secretary of State or the European Investment Bank, may I point out to him that that is deliberate and in common with former arrangements with organisations such as English Partnerships to ensure that we are not compromised in respect of public borrowing requirements and state aid? I hope that that reassures the right hon. Gentleman.