Business of the House

Neil Parish Excerpts

Thursday 9th December 2010 Commons Chamber

[Sir George Young]

I can give no undertaking that there will be such a debate, but I remind the hon. Gentleman that the Labour party sold some 12,000 hectares of land without any reference at all.

[Neil Parish (Tiverton and Honiton) (Con)]

Although I very much welcome the increase in exports, many small and medium-sized businesses in my constituency are finding it difficult to get capital from banks. If they get capital, they find that the banks want to charge enormous interest rates. Is it not time we had a debate on that, because the coalition Government very much want an increase in the private sector?

[Sir George Young]

It is essential for economic recovery that the banks provide the finance necessary to generate wealth. As I think I said in response to an earlier question, I will draw that issue to the attention of my right hon. Friend the Chancellor of the Exchequer. There could be an opportunity to pursue the matter further at the next Treasury questions.