Bank Lending and Credit (Businesses)

Part of Chancellor of the Exchequer – in the House of Commons at 2:30 pm on 6th December 2011.

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Photo of Chris Kelly Chris Kelly Conservative, Dudley South 2:30 pm, 6th December 2011

I thank my right hon. Friend for that answer. Can he confirm that guarantees under the Government’s national loan guarantee scheme are contingent liabilities, and so will have no effect on the country’s balance sheet or deficit?