Lord McFall of Alcluith never rebelled against their party in this parliament
My Lords, is the Minister aware that the banking system here is responsible for 80% of the loans to small businesses in this country, unlike in the US? This intermediation system is bursting. Until the Government look at the issue of capital and equity support for businesses, we ain’t going to regenerate this economy in all parts of the country.
My Lords, the consistent lament for the past eight years from both the political and business communities has been that banks are not lending to SMEs and that there is less competition and innovation today in the banking sector. The OFT stated yesterday that there are competition concerns in this vital driver for the economy. Can the Minister ensure that the new competition authority will...
My Lords, the figures indicate that in four years’ time, in 2018, typical living standards for a household will be 3.5% lower than they were in 2007, before the financial crash. Does that not indicate that the Government have to be open and honest about the situation, so that, in the Budget next week, the Chancellor will bring forward policies that will assist hard-working families and...
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Last updated: 12 Apr 2010.
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