Ann Winterton How many people under the age of 24 were not in education, employment or training on the most recent date for which figures are available. — from debate entitled “NEETs” The three speeches/headings immediately before - 1 earlier: NEETs
- 2 earlier: Patrick McFadden
I certainly do not accept that the Government's efforts to promote credit and help small businesses get access to credit have failed. As I said, our scheme is working. Some 6,000 businesses have benefited, and hundreds of millions of pounds have been lent. We have also reached agreement with the banks in which we have stakes in order to ensure that they keep lending. Another factor is the fall in demand for lending that is experienced during a recession as businesses face difficulties. The right hon. and learned Gentleman's comments today are in contrast to those he made to the Press Gallery, where he said that our Secretary of State was one of the few Ministers who had workable policies, some of which he wanted to borrow. - 3 earlier: Kenneth Clarke
The Minister must be aware that August was the seventh consecutive month in which the net flow of finance to business fell, and that the figures for the third quarter of this year are the worst on record for the fall in lending to business. Will he not acknowledge that the Government's efforts to tackle this problem of credit for business over the last nine months—the worst of the credit crunch—have failed, and that they would have been much better advised to take up our suggestion of a large across-the-board loan guarantee scheme, which might have saved quite a number of our struggling businesses?
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