Business of the House

Part of the debate – in the House of Commons at 11:32 am on 24th November 2011.

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Photo of George Young George Young The Leader of the House of Commons 11:32 am, 24th November 2011

There will be an opportunity to debate that issue in the debate on the economy that I announced at the beginning of this question session. We are determined to make more resources available to SMEs and, as part of Project Merlin, the Chancellor announced that the banks intend to lend £190 billion of new credit to businesses, which is a significant increase on the £179 billion in the previous year. We are taking other action, such as reducing the corporation tax rate for small businesses. I would welcome my hon. Friend’s contribution to that debate and the response from Ministers will set out all the action we are taking to help SMEs.