Infrastructure Improvements: Funding Debate
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Lord Forsyth of Drumlean
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Infrastructure Improvements: Funding
Lord Forsyth of Drumlean Excerpts(7 years, 5 months ago)
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The Lord Privy Seal (Baroness Evans of Bowes Park) (Con)
Order. It is the turn of the Conservative Benches.
Lord Forsyth of Drumlean
My Lords, while congratulating the Chancellor on his excellent Statement committing to building more housing, can I ask my noble friend what is to be done about the decision by the European Banking Authority to increase the capital weighting required for loans to small housebuilders from 100% to 150%, which is greater than is required for unsecured credit card debt and will result in less availability of money for builders to build and also require banks to make provision for their existing loans? I declare my interest which is on the register.
Lord Young of Cookham
There is only one answer for my noble friend: I will write to him.