Finance Bill

Debate between Graeme Morrice and Charlie Elphicke

Tuesday 3rd July 2012 Commons Chamber

[Charlie Elphicke]

Why then make it harder for banks to lend by taking more money out of them through the Opposition’s proposal?

[Graeme Morrice]

That may be the hon. Gentleman’s opinion, but I reiterate the point that, because of the Government’s policies of the past two years, the official figures show that banks lent £9.5 billion less to SMEs last year than in the previous year, so there is a problem now.