Jobs and Business

Part of the debate – in the House of Commons at 9:34 am on 10th May 2013.

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Photo of Steve Reed Steve Reed Labour, Croydon North 9:34 am, 10th May 2013

I thank the Secretary of State for being so generous with his time. He talks about the banking sector as though it is wholly independent when, in fact, large swathes of it are nationalised. Why does he not use the power that that gives him to compel banks to lend more to small businesses that are seeking finance to grow?