Small Businesses

Part of Oral Answers to Questions — Industry – in the House of Commons at 12:00 am on 23 July 1979.

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Photo of Mr Bob Cryer Mr Bob Cryer , Keighley 12:00, 23 July 1979

Is not the increase in the minimum lending rate and the high interest rates most damaging to small businesses? Does the right hon. Gentleman accept that the sudden and dramatic ending of the small firms employment subsidy has also caused cash flow problems for many small firms? Does he not also agree that, if he is considering a small firms loan guarantee system, he should perhaps intervene in the market?