The Secretary of State knows that I am sympathetic to and fairly supportive of the measures that the Government are taking to try to lessen the impact of the economic downturn. Nevertheless, is he aware that many small businesses—certainly in Montgomeryshire—are experiencing very serious problems because, notwithstanding the Government's investment, the banks are still reducing their overdraft facilities? That means that otherwise viable businesses have to lay off workers and may have to close as a result of the banks' reticence about maintaining lending at pre-recession levels.
Welsh Affairs
Proceeding contribution from
Lembit Opik
(Liberal Democrat)
in the House of Commons on Thursday, 26 February 2009.
It occurred during Debate on Welsh Affairs.
Type
Proceeding contribution
Reference
488 c408
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2024-04-21 09:48:28 +0100
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