Financial Services
(asked on 22nd November 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential demand for Mutual Guarantee Societies is in the UK; and if he will make a statement.
This question was answered on 25th November 2016
The Chancellor has not made an assessment of the impact of the introduction of Mutual Guarantee Societies on lending to SMEs or on the potential demand for Mutual Guarantee Societies in the UK.
However, the FCA has received representations on this issue and officials plan to discuss this further with them.