Small Businesses

Part of Oral Answers to Questions — Scotland – in the House of Commons at 11:30 am on 18th March 2009.

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Photo of John McFall John McFall Chair, Treasury Committee, Chair, Treasury Committee 11:30 am, 18th March 2009

When the Treasury Committee visited Edinburgh two weeks ago, we found dismay among small businesses that banks were putting arrangement fees and other private charges on them, rather than interest rates. When the Secretary of State meets representatives of the banks, will he remind them that the Committee is undertaking an inquiry into the banking crisis, and that we will be monitoring their lending agreements, under which transparency and value for money for the taxpayer are going to be the key requirements?

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