Nigel Mills
Main Page: Nigel Mills (Conservative - Amber Valley)Department Debates - View all Nigel Mills's debates with the Department for Education
(13 years, 5 months ago)
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Vince Cable
The Home Secretary will announce the results of the consultation very soon, and I am sure that it will give the hon. Gentleman the assurances that he wants on inter-company transfers.
Nigel Mills (Amber Valley) (Con)
T7. Will the Minister agree to meet a social enterprise in my constituency whose future is threatened by the draconian attitude of RBS, which seeks nearly £400,000 in penalties for a minor breach, even though a non-nationalised bank is willing to refinance its loan fully?
The Parliamentary Under-Secretary of State for Business, Innovation and Skills (Mr Edward Davey)
The Government are keen that banks should behave responsibly towards businesses, charities and social enterprises, and we continue to work with the banks to achieve that. For example, we are working with them to revise the lending code for micro-enterprises and we are publishing lending principles for medium-sized and larger businesses. We will continue to hold banks to account when they act unreasonably, and my officials will raise this matter with RBS.