Small Businesses: Finance — Question

Part of the debate – in the House of Lords at 11:21 am on 26th January 2012.

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Photo of Lord Forsyth of Drumlean Lord Forsyth of Drumlean Conservative 11:21 am, 26th January 2012

I congratulate my noble friend and the Chancellor on the initiative that he has taken to allow people who are starting up businesses to obtain support under the enterprise allowance scheme from near relatives, which, for most people starting a business, is the main source of finance. May I respectfully suggest that what we need in this country is not more debt in businesses but more equity, so the Chancellor's emphasis on this is really very important and worth while?