Manufacturing
Debate between Andrew Stephenson and Guy Opperman
Thursday 24th November 2011
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(14 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Guy Opperman
There could be competition throughout the region. That would not be difficult. Would it not be great if we had some competition among local banks?
Andrew Stephenson (Pendle) (Con)
In Pendle, a local businessman called David Fishwick is trying to do exactly what my hon. Friend suggests. He is trying to create his own bank to help small and medium-sized enterprises in Pendle and Burnley. The regulations are so detailed and engrossing that the FSA has refused to help him, despite his instructing high-flying lawyers. So far, it has even refused to meet him to discuss the creation of a bank that would directly help small and medium-sized manufacturers in Pendle and Burnley.