Economy: Capital Expenditure

Debate between Lord Eatwell and Lord Wigley

Tuesday 4th October 2011 Lords Chamber

[Lord Wigley]

My Lords—

[Lord Eatwell]

My Lords, the other cunning plan that the Government put forward, announced by the Chancellor, was the expenditure of billions—his word—on credit easing for small and medium-sized firms. What is the Treasury’s estimate of the impact on the deficit of the inevitable default rate associated with this programme?