Lord Peston
Main Page: Lord Peston (Labour - Life peer)Department Debates - View all Lord Peston's debates with the HM Treasury
(11 years, 10 months ago)
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Lord Sassoon
My Lords, even though the latest business surveys show that private sector employment is significantly up and that manufacturing and service sector sales continue to grow, it is certainly the case that that is happening in the face of very tough financing conditions. That is why, among other things, the national loan guarantee scheme and the announcements from the Chancellor and the governor about the new funding for lending scheme, details of which will be put out in the coming weeks, were very important.
Lord Peston
My Lords, bearing in mind the extreme antipathy of the Europhobes on his own Benches and their desire to leave the European Union, why therefore are they so happy to have our economy run by the credit rating agencies?
Lord Sassoon
I am not sure that was a question that was addressed to me. However, I do not think that characterises the position of any noble friends of mine.