Mr Redwood’s contribution to Treasury Questions, 24 Jan

Mr John Redwood (Wokingham) (Con): When will we see more of the details of the credit easing scheme and what is the Minister’s forecast of the monthly draw-down for the rest of this year?

The Financial Secretary to the Treasury (Mr Mark Hoban): We are working with banks on the details behind the national loan guarantee scheme. We have set aside £20 billion to enable the rates that are charged to small businesses to fall by up to 1%. The utilisation of the scheme will very much be driven by the demand from businesses for debt finance.

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One Comment

  1. David Langley
    Posted January 27, 2012 at 9:34 am | Permalink

    Dear John,

    I watched the EU Council debate on TV yesterday and I was very impressed with your contribution. I regret the house was virtually empty as the way you stylishly unpicked the Eurozone situation and put it back together was magnificent. You sound like you have a plan to get us back to sanity, and a new future without the EU project dooming us to mediocrity.
    I cannot believe that those windbags pontificating on the other side of the chamber have any real idea of what they are talking about, the EU and its objectives and construction. In any event they just made your statement sound authoritative which it was.

    reply: Many thanks. I will have it posted here.

  • About John Redwood

    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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