The Economy

Part of Council Tax Rebate – in the House of Commons at 4:59 pm on 31st March 2009.

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Photo of Andrew Love Andrew Love Labour, Edmonton 4:59 pm, 31st March 2009

Before the hon. Gentleman moves on from the asset protection scheme, may I ask what alternative to it he believes exists? I understand some of the criticisms that have been made of the scheme, but how else can we deal with the problem of bad assets on banks' books? The public-private scheme that the US Federal Reserve and Treasury Secretary have produced has been roundly condemned, but what alternatives are there?

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