Infrastructure Improvements: Funding Debate
Full Debate: Read Full DebateDepartment: Leader of the House
Lord Forsyth of Drumlean
Main Page: Lord Forsyth of Drumlean (Conservative - Life peer)Department Debates - View all Lord Forsyth of Drumlean's debates with the Leader of the House
Infrastructure Improvements: Funding
Lord Forsyth of Drumlean Excerpts(8 years ago)
Lords ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Lord Privy Seal (Baroness Evans of Bowes Park) (Con)
Order. It is the turn of the Conservative Benches.
Lord Forsyth of Drumlean
My Lords, while congratulating the Chancellor on his excellent Statement committing to building more housing, can I ask my noble friend what is to be done about the decision by the European Banking Authority to increase the capital weighting required for loans to small housebuilders from 100% to 150%, which is greater than is required for unsecured credit card debt and will result in less availability of money for builders to build and also require banks to make provision for their existing loans? I declare my interest which is on the register.
Lord Young of Cookham
There is only one answer for my noble friend: I will write to him.