Business: Government Support

House of Lords written question – answered on 8th May 2008.

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Photo of Lord Wade of Chorlton Lord Wade of Chorlton Conservative

asked Her Majesty's Government:

What research has been conducted into the consequences of market distortion from government subsidies to failing businesses.

Photo of Baroness Vadera Baroness Vadera Parliamentary Under-Secretary, Department for Business, Enterprise & Regulatory Reform

State aid rules require that a market impact assessment is completed before any restructuring aid can be approved. On the infrequent occasions that we have awarded restructuring aid, for example to British Energy, there has been a detailed consideration of the effects on the market.

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