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Loans

Volume 475: debated on Tuesday 29 April 2008

To ask the Chancellor of the Exchequer (1) what assessment he has made of the effects on financial intermediaries of financial lenders withdrawing products and lending directly to end customers; (201339)

(2) what assessment (a) his Department and (b) the Financial Services Authority has made of the effects on the economy of financial lenders withdrawing products from the marketplace.

Budget 2008 presented the Government's assessment of the ongoing disruption in global financial markets, including the effect on housing finance markets, and is available at:

http://www.hm-treasury.gov.uk/budget/budget_08/bud_bud08_index.cfm.

The 2008 Financial Risk Outlook published by the Financial Services Authority (FSA) presents the FSA's consideration of the effects on the economy of a reduced availability of credit, and is available at:

http://www.fsa.gov.uk/Pages/Library/corporate/Outlook/fro_2008.shtml.