Business and Planning Bill
Debate between Baroness Bowles of Berkhamsted and Lord McNicol of West KilbrideMonday 20th July 2020
(4 years, 4 months ago)
Lords ChamberRead Full debate Business and Planning Act 2020 View all Business and Planning Act 2020 Debates Read Hansard Text Read Debate Ministerial Extracts Amendment Paper: HL Bill 119-R-I(Corrected-II) Marshalled list for Report - (15 Jul 2020)
The Deputy Speaker
I have received no requests for speakers to come back after the Minister, so I now call the noble Baroness, Lady Bowles.
Baroness Bowles of Berkhamsted [V]
My Lords, I thank all those who have spoken in this debate. The noble Baroness, Lady Altmann, reminded us how attractive assets might tempt a bank or that companies’ equipment could be seized when they ended up in default after a period of forbearance. The noble Lord, Lord Carlile, with reference to the Post Office cases, reminded us how bad things can happen and that sometimes things that perhaps start off looking reasonable get very much out of hand. My noble friend Lord German reminded us that companies need the confidence to borrow. Perhaps we need four times as many bounce-back loans as have already been applied for, but they need protection.