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Economy: Growth — Motion to Take Note

Part of the debate – in the House of Lords at 8:12 pm on 29th January 2013.

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Photo of Lord Deighton Lord Deighton The Commercial Secretary to the Treasury 8:12 pm, 29th January 2013

I thank the noble Lord for the follow-up question. The scheme which we have employed to encourage banks to lend-the Funding for Lending scheme-is a very effective mechanism to improve lending to businesses and households.