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Banking

House of Lords written question – answered on 12th December 2011.

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Photo of Lord Myners Lord Myners Labour

To ask Her Majesty's Government what are the implications for the future of Project Merlin of government interventions in the provision of credit and the guarantee of private sector risks.

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

On 29 November, the Chancellor announced credit easing. Credit easing builds on the action the Government have already taken to support businesses through the Project Merlin commitments agreed with the major banks.

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