Luciana Berger
Main Page: Luciana Berger (Liberal Democrat - Liverpool, Wavertree)Department Debates - View all Luciana Berger's debates with the HM Treasury
(14 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hoban
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 (Liverpool, Wavertree) (Lab/Co-op)
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
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.