New Clause 10 — Green deal installation apprenticeships

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 1:30 pm on 14th September 2011.

Alert me about debates like this

Photo of Alan Whitehead Alan Whitehead Labour, Southampton, Test 1:30 pm, 14th September 2011

I am very sympathetic to the hon. Gentleman’s suggestion that there should be a non-discriminatory interest rate across green deal finance, but does he not accept that the golden rule itself is, to an extent, a measure of mitigation of what may well be universal high interest rates, set by green deal providers on the grounds that they are private companies providing finance? Does he accept that ensuring that there is a level playing field for finance in general does not resolve the problem that the golden rule may result in very few changes being made to a property as a result of high interest rates, and that additional measures such as green investment bank intervention may well be needed?