Part of Oral Answers to Questions — Overseas Development – in the House of Commons at 12:00 am on 1 March 1993.
Mr Mark Lennox-Boyd
, Morecambe and Lunesdale
12:00,
1 March 1993
The hon. Member characteristically ignores many of the facts and makes a load of allegations that are quite unsubstantiated. Britain led the world in debt relief under the Trinidad terms initiated by my right hon. Friend the Prime Minister, from which 14 countries have benefited, 11 of which were the poorest countries in Africa. Many of the private banks have written off debts, but the hon. Member, once again, seeks to penalise the banks by withdrawing tax relief, which would stop them lending to the third world.