Business of the House

Sarah Newton Excerpts

Thursday 15th December 2011 Commons Chamber

[Sir George Young]

The hon. Gentleman will have seen the protests in Russia over the weekend about the conduct of the election. I am not sure whether this gives him any satisfaction, but I understand that President Putin has ordered a review of how the elections were conducted, although one should perhaps not set too much store by that. I shall draw the Foreign Secretary’s attention to the concern—I suspect shared by those on both sides of the House—about the conduct of the elections and, again, see whether appropriate representations might be made to the Russian ambassador.

[Sarah Newton (Truro and Falmouth) (Con)]

Small and medium-sized businesses in my constituency have very much welcomed the Chancellor’s announcement of the £20 billion national loan guarantee scheme to get cheaper loans to businesses. That is particularly important in parts of the country such as Cornwall, where there are many seasonal businesses involved in, for example, tourism. May we have a debate on this excellent new scheme and find out more?

[Sir George Young]

I hope all of us can remind businesses in our constituencies that £20 billion, which is a huge sum of money, is available through the national loan guarantee scheme. These are loans that the Government will stand behind; therefore, the banks can offer them at a lower rate of interest to companies in my hon. Friend’s constituency. We all have a role to play in promoting the scheme and in enabling businesses to take advantage of it and go ahead with investment projects that they might otherwise have been unable to afford.