Question
To ask the Chancellor of the Exchequer (1) pursuant to his statement of 13 October 2008, Official Report, columns 540-41, on financial markets, what reference point his Department proposes to use in respect of the requirement for banks supported by the recapitalisation scheme to maintain (a) the volume of lending to and (b) the interest rates charged to homeowners and small businesses at least at 2007 levels;
Answer
As part of their investment, the Government have agreed with the banks supported by the recapitalisation scheme a range of commitments. Details are available at:"http://www.hm-treasury.gov.uk/press_105_08.htm"