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Banking Sector: Bad Debt

Volume 474: debated on Thursday 24 April 2008

20. To ask the Chancellor of the Exchequer what recent discussions he has had with the banking sector on its exposure to bad debt. (200880)

The Chancellor meets regularly with representatives of the banking sector and discusses a range of issues.

The Chancellor of the Exchequer and the Housing Minister hosted a meeting with the mortgage and lending industry at No. 11 Downing street on Tuesday 22 April to discuss what the industry can do to support borrowers in difficulty during the current period of turbulence in global financial markets.