Credit Insurance

Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 26th March 2009.

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Photo of Michael Moore Michael Moore Shadow Secretary of State for International Development 10:30 am, 26th March 2009

For many world-class textile businesses in my constituency, the lack of credit insurance is now a very serious issue. In addition to the monitoring that the Chief Secretary is doing, will she look at the increasing amount of information that we are getting to the effect that the banks are restricting their own facilities and their lending to these companies because there is no credit insurance, which means these businesses are now feeling a double whammy from which they are getting no relief at all?

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Suffragium MCMLXXXVIII
Posted on 27 Mar 2009 1:51 pm (Report this annotation)

I would not invest nor credit the particular constituency you represent Mr.Moore, since my fellow citizens there along with the council are absent of any good business skill.

Many buildings lye delapetated or business opportunities missed, some times out of ignorance some times deliberately !

Selkirk town is very secretive about there usage of public funds despite calls for an enquiry.

Many business endeavors can not survive because of greedy share holders demanding more and more out of borders businesses thus they tend to stay closed and guess what the share holders still make there pounds, isn't this all a recipe for disaster ?

No giving my money to your constituency especially during this time would be like burning it or drinking it in the local publicans bar in this case.

You must teach your constituency basic business skills first. Then maybe I would invest myself. Until they know how to spend it, and tell me were it is going, may your constituency keep there hands of my tax pounds please !?