Toby Perkins
Main Page: Toby Perkins (Labour - Chesterfield)Department Debates - View all Toby Perkins's debates with the Department for Education
(11 years, 11 months ago)
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Greg Clark
I will indeed join my hon. Friend in congratulating that company. In fact, a record number of the recent Queen’s awards, announced last month on Her Majesty’s birthday, were for small businesses, which shows that this country’s small businesses have a huge amount to contribute to the future success of the nation.
Toby Perkins (Chesterfield) (Lab)
Yesterday I met 35 small businesses that borrowed money to fuel growth but now feel that they were mis-sold interest rate swap products by their banks. There is a real urgency to investigate that issue before more otherwise healthy companies are brought down. Will the Minister join us in calling for banks, while they are investigating whether these products were mis-sold, not to foreclose on companies that are falling behind because of these products?
Greg Clark
If the allegations are correct, the companies will need assistance to cope. An investigation on that is about to conclude. I will take the matter forward with the hon. Gentleman and am happy to discuss it outside this place with his Front Benchers.