Baroness Farrington of Ribbleton
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Finance: Loan Guarantee Scheme
Baroness Farrington of Ribbleton Excerpts(11 years, 10 months ago)
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Lord Sassoon
My Lords, again, I am happy to put the record straight. The noble Lord, Lord Davies of Oldham, may not have noticed that this package includes £6 billion worth of facility available to public/private partnership projects that are ready to start in the next 12 months.
Baroness Farrington of Ribbleton
My Lords, would the Minister care to help the House by confirming or denying that there were discussions with the relevant Administrations in advance of the scheme being announced—and not announced to Parliament?
Lord Sassoon
I cannot confirm or deny it. All I say is that this is good news for the whole of the United Kingdom and has been widely welcomed.