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Covid-19: Business Interruption Insurance - Private Notice Question

Part of the debate – in the House of Lords at 3:10 pm on 17th March 2020.

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Photo of Lord Forsyth of Drumlean Lord Forsyth of Drumlean Chair, Economic Affairs Committee, Chair, Finance Bill Sub-Committee, Chair, Economic Affairs Committee, Chair, Finance Bill Sub-Committee 3:10 pm, 17th March 2020

My Lords, businesses do not need clarity, they need cash. There is an absolute need for the Government to make it clear that they will change the regulations that prevent the banks providing the support that is needed. I am afraid that the Chancellor is going to have to get himself a helicopter. This is a major financial crisis on a scale similar to what we saw following the banking crisis. If the Chancellor is making a Statement to the other place, will we get the opportunity to have a Statement and discuss these issues?