UK Parliament / Open data

Industry and Exports (Financial Support) Bill

I am following my hon. Friend's argument with considerable interest. Is she aware that a constituent of mine has been told that even when the Bill becomes law, as I am sure it will, the banks will still be asking for 100 per cent. guarantees from their clients? There will effectively be a double guarantee, one from the Government and one from the company. Sometimes, particularly given the economy's current condition, companies are unable to give such a guarantee, in which case the Bill will be worthless. The Minister is looking even more blank that he usually does, if I may say so, but I hope that he will be able to correct me and say that some imposition will be made on banks, particularly state-owned banks, to prevent them from asking for such a guarantee.
Type
Proceeding contribution
Reference
489 c685 
Session
2008-09
Chamber / Committee
House of Commons chamber
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