As my hon. Friend the Member for Ellesmere Port and Neston (Andrew Miller) has just reminded me, the £2.3 billion fund to help the automotive sector is available as from yesterday. That will be important, and we are working to ensure that those who need loans to buy cars can get that finance. I say to the hon. Gentleman that we are taking every action that we possibly can to ensure that we assist the automotive industry with new technology for the new generation of greener cars. We must not simply cut back on public investment. There has been action to stabilise the banks, quantitative easing, a VAT cut and extra money going into people's pockets through tax cuts. All those things, which he opposed, help the economy. Ultimately that, as well as specific programmes, will help the car industry.
Business of the House
Proceeding contribution from
Baroness Harman
(Labour)
in the House of Commons on Thursday, 12 March 2009.
It occurred during Business statement on Business of the House.
Type
Proceeding contribution
Reference
489 c457 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-11-25 21:12:46 +0000
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