Neil Parish
Main Page: Neil Parish (Conservative - Tiverton and Honiton)Department Debates - View all Neil Parish's debates with the Department for Education
(13 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Prisk
We still have the lending targets. The key thing is enforcement, which, despite the chuntering from those on the Opposition Front Bench, the last Government failed to do. What is important is that we now have a new lending code. The hon. Lady is absolutely right to say that businesses—whether they be eBay-based or real rather than virtual or online businesses—want a lending code and a proper appeal process. We have those, and I am determined to make sure that we enforce them.
Neil Parish (Tiverton and Honiton) (Con)
A firm in my constituency cannot get money from the banks, which, if they do lend, do so at a 25% interest rate. It is a very successful company, but the banks, in order to gain liquidity, are stopping lending. We really must put more pressure on them.
Mr Prisk
I agree with my hon. Friend. Let me make it very clear again that when right hon. and hon. Members find unreasonable behaviour from the banks, they should ensure that it is raised with them and they should copy me in. When we find that evidence, we will challenge the banks vigorously.