Parliamentary search - Industry and Exports (Financial Support) Bill

Type

Parliamentary proceeding

Reference

489 c669-98

Session

2008-09

Department

Department for Business, Enterprise and Regulatory Reform

Legislative stage

Second reading

Procedure

Programme motions
Money resolutions
Queen's recommendation

Chamber / Committee

House of Commons chamber

Industry and Exports (Financial Support) Bill. Explanatory Notes Bill 70-EN also published.
Wednesday, 4 March 2009
Bills
House of Commons

Proceeding contributions

Michael Fabricant | 489 c688 (Link to this contribution) Just on the subject of VAT, is my hon. Friend aware that, like so many firms, John Lewis recently sa...

Julie Kirkbride | 489 c688 (Link to this contribution) My hon. Friend is exactly right. The Government have struggled to find anybody, certainly in the ret...

Show all contributions (47)

Speaker | 489 c686 (Link to this contribution) Order. The hon. Gentleman knows that interventions should be brief.

Julie Kirkbride | 489 c686-8 (Link to this contribution) Thank you, Madam Deputy Speaker. I am glad that my hon. Friend was allowed to make his point, which ...

John Howell | 489 c689-90 (Link to this contribution) I was struck over the weekend by the applicability to today's debate of comments made in the Health ...

John Penrose | 489 c690-3 (Link to this contribution) This has been a short debate. That may be simply because this is a relatively uncontroversial Bill, ...

Michael Fabricant | 489 c686 (Link to this contribution) My hon. Friend knows that I was in business long before I became a Member of Parliament and I am the...

Julie Kirkbride | 489 c686 (Link to this contribution) I will happily give way so that my hon. Friend can defend himself. Otherwise, I will have to do it f...

Michael Fabricant | 489 c686 (Link to this contribution) Will my hon. Friend give way?

Ian Pearson | 489 c696 (Link to this contribution) I notice that the hon. Gentleman said absolutely nothing about equity, which we were just discussing...

Mark Prisk | 489 c696 (Link to this contribution) Last November, we set out a national loan guarantee scheme—£50 billion, clear and simple. Have it, t...

Ian Pearson | 489 c697-8 (Link to this contribution) The best that I can say to the hon. Lady is that we continue to examine these issues very closely. I...

Baroness Burt of Solihull | 489 c697 (Link to this contribution) I appreciate that trade credit insurance is a complex matter. However, Members from all parts of the...

Mark Prisk | 489 c694 (Link to this contribution) My argument was that Business Link and Ministers advised that the ability to convert an overdraft wa...

Mark Prisk | 489 c695 (Link to this contribution) The working capital scheme was announced in January and we were told that it would be open on 1 Marc...

Ian Pearson | 489 c695-6 (Link to this contribution) As I said to the hon. Gentleman, it is operational now, in the sense that we are at the stage of adv...

Ian Pearson | 489 c693-4 (Link to this contribution) Let me say at the outset that I am glad that the official Opposition recognise the need for these ad...

Julie Kirkbride | 489 c683-5 (Link to this contribution) I am grateful for having been called to speak on the Bill, which is important; it adds a significant...

Michael Fabricant | 489 c685 (Link to this contribution) I am following my hon. Friend's argument with considerable interest. Is she aware that a constituent...

John Penrose | 489 c680 (Link to this contribution) I am sure that the hon. Lady would want to be accurate. To be clear, the Conservative party has just...

Baroness Burt of Solihull | 489 c680-3 (Link to this contribution) I am delighted to hear that the Conservatives have changed their attitude towards banking regulation...

David Drew | 489 c680 (Link to this contribution) Will the hon. Lady confirm that the problem with trade credit insurance is that it is a private mono...

Julie Kirkbride | 489 c686 (Link to this contribution) When the Minister responds to the debate, it would be helpful to know whether matters are as my hon....

Ian Pearson | 489 c686 (Link to this contribution) I was looking blank because the hon. Member for Lichfield (Michael Fabricant) clearly has a limited ...

Julie Kirkbride | 489 c685 (Link to this contribution) My hon. Friend makes a good point, which I hope that the Minister has heard. When his colleague resp...

Michael Fabricant | 489 c685 (Link to this contribution) No, the same Minister will respond.

David Drew | 489 c669 (Link to this contribution) A couple of automotive firms in my constituency are experiencing significant problems. One of the qu...

Ian Pearson | 489 c670 (Link to this contribution) As I have said, a wide range of support for industry is available under this part of the Act. My hon...

Ian Pearson | 489 c669 (Link to this contribution) I beg to move, That the Bill be now read a Second time. It is important that the UK emerges from th...

Geoffrey Robinson | 489 c670 (Link to this contribution) This is a critical time, and although losses have been made at LDV, I understand that it has a very ...

Ian Pearson | 489 c670 (Link to this contribution) As I have said, my officials have had a number of meetings with LDV on its financial situation, and ...

Geoffrey Robinson | 489 c670 (Link to this contribution) My hon. Friend will know that the problems of the midlands van company LDV are becoming particularly...

Ian Pearson | 489 c670 (Link to this contribution) As my hon. Friend will know, we recently announced the provision of £2.3 billion in loan guarantees ...

Julie Kirkbride | 489 c670-1 (Link to this contribution) While this appears to be a very simple Bill to enable the Government to spend more money on our indu...

Ian Pearson | 489 c671-2 (Link to this contribution) I can confirm that guarantees offered by the Government under the automotive assistance programme wo...

Mark Prisk | 489 c672 (Link to this contribution) The industry experts in the automotive industry who have been referred to by several right hon. and ...

Ian Pearson | 489 c672-4 (Link to this contribution) The hon. Gentleman has been a Member of this House long enough to know that Ministers do not comment...

Mark Prisk | 489 c674-6 (Link to this contribution) I thank the Minister for his opening remarks. I have some sympathy with him because, as a Minister i...

Ian Pearson | 489 c676 (Link to this contribution) indicated dissent.

Mark Prisk | 489 c676-8 (Link to this contribution) Well, that is the evidence in at least 100 letters that my office alone has received. When our const...

Geoffrey Robinson | 489 c679 (Link to this contribution) May I just return for a second to what the hon. Gentleman was saying about the German guarantees tha...

Mark Prisk | 489 c679 (Link to this contribution) My understanding is that most of that sum has been cleared and delivered, certainly according to the...

Geoffrey Robinson | 489 c679 (Link to this contribution) That is the whole point. The Germans have made the allocation, have said that they are going to do i...

Mark Prisk | 489 c679 (Link to this contribution) Clearance is one thing, but delivering it to businesses' bank accounts is the critical point. That i...

Baroness Burt of Solihull | 489 c679-80 (Link to this contribution) The Bill is the most recent in a long line of attempts by Government to give industry a shot in the ...

Baroness Burt of Solihull | 489 c680 (Link to this contribution) Indeed. I am grateful to the hon. Gentleman for that intervention. He is right. Once a company has l...

Ian Pearson | 489 c694-5 (Link to this contribution) As I have just explained to the hon. Gentleman, the major lending banks have all been providing trai...

Subjects

Business

Banks

Finance

Exports

Export credit guarantees

Government assistance

UK Export Finance

Motor vehicles

Manufacturing industries

Public expenditure

Small businesses

VAT

World economy

Legislation

Industry and Exports (Financial Support) Bill 2008-09

Link

View this Parliamentary proceeding on www.publications.parliament.uk