I refer to the point made by the Prime Minister that the media have not yet homed in on the Government's medium-term financial strategy, under which £250 billion is being made available to small and medium-sized enterprises so that they can renew their overdrafts and loans when they mature. That is in addition to the £4 billion from the European Investment Bank and the £200 billion from the Bank of England's window. Both the Prime Minister and the Chancellor have referred to home buyers and small and medium-sized enterprises, as well as to lenders, borrowers and depositors, but not all this country's taxpayers welcome the measures that have been taken today as being in the interests of the wider community of which we are all beneficiaries.
Financial Stability
Proceeding contribution from
Stuart Bell
(Labour)
in the House of Commons on Wednesday, 8 October 2008.
It occurred during Ministerial statement on Financial Stability.
Type
Proceeding contribution
Reference
480 c283 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 23:47:39 +0000
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