Oral Answers to Questions Debate

Full Debate: Read Full Debate
Department: HM Treasury

Oral Answers to Questions

Luciana Berger Excerpts
Tuesday 13th July 2010

(14 years, 4 months ago)

Commons Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Mark Hoban Portrait Mr Hoban
- Hansard - - - Excerpts

My hon. Friend is absolutely right about the importance of banks being in a position to lend in order to encourage the recovery. That is why in the Budget we announced an extension of the enterprise finance guarantee scheme by a further £200 million to enable the banks to lend to small businesses. We will be publishing a paper later this month on business finance, which, again, will put forward ideas about how we can continue to sustain the recovery by ensuring that the banks are in a position to lend.

Luciana Berger Portrait Luciana Berger (Liverpool, Wavertree) (Lab/Co-op)
- Hansard - -

Does not the revised forecast from the International Monetary Fund demonstrate yet again that the coalition’s Budget will hit growth and therefore jobs?

Danny Alexander Portrait Danny Alexander
- Hansard - - - Excerpts

The consensus among international bodies is that growth will grow over the coming years based on the Government’s plans and that unemployment will fall. The hon. Lady might not yet have seen the OECD’s report on our economy today, which describes our Budget measures as “courageous and appropriate” and as “an essential starting point” for restoring growth and jobs in this economy. That is a position that the whole House should welcome and not criticise.