Eilidh Whiteford
Main Page: Eilidh Whiteford (Scottish National Party - Banff and Buchan)Department Debates - View all Eilidh Whiteford's debates with the Scotland Office
(13 years, 4 months ago)
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Michael Moore
The hon. Gentleman will be more familiar than most with the situation that we inherited, in which bank lending—to businesses or to householders—was not in a good state. We are determined to increase the amount of lending and I have regular discussions with the banks on a range of issues. This issue is a central part of those discussions.
Dr Eilidh Whiteford (Banff and Buchan) (SNP)
Does the Secretary of State accept that business confidence will have been extremely dented by yesterday’s appalling growth figure announcements? Does he now accept that the Government’s cuts go too far, too fast, and will the Government now pull back from this reckless course?
Michael Moore
I recognise that yesterday’s growth figures were very disappointing. We have said for months that the recovery would be choppy. There are special circumstances about the weather in yesterday’s announcement, which she will be aware of, but if we do not tackle the deficit, introduce measures to help businesses to grow or invest in infrastructure and science funding, we will not get the recovery from the situation that we inherited from the Opposition.