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Banking

House of Lords written question – answered on 18th January 2011.

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Photo of Lord Myners Lord Myners Labour

To ask Her Majesty's Government, further to the answer by Lord Sassoon on 11 January on banking bonuses (Official Report, col. 1331), how they propose to establish the amount banks will have lent in 2011 in the absence of any settlement reached by the Government on lending targets.

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury

There are a number of data sources which provide information on how much the banks lend. This includes the Bank of England's Trends in Lending report, the inflation report and the financial stability report.

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