Oral Answers to Questions

Debate between Mark Prisk and George Eustice

Thursday 15th March 2012 Commons Chamber

[George Eustice (Camborne and Redruth) (Con)]

There is currently complete inequality between the bargaining position of small businesses and that of their banks. Many small businesses find themselves threatened with receivership unless they concede to higher interest rates or new charges. What can the Government do to rebalance the law in favour of enterprise?

[Mr Prisk]

We can do what good Conservatives do, which is to introduce competition. That is why we are ensuring that we get new entrants into the market, so that the four or five that take the view that they have an opportunity to dominate the market are unable to do so. Let us get the new entrants in. I am proud that, as a coalition Government, that is precisely what we are doing.