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Banks: Land

Volume 482: debated on Wednesday 5 November 2008

To ask the Chancellor of the Exchequer if he will make it a condition of British banks being in receipt of financial support from public funds that they permit the release of land being landbanked for early use for housebuilding. (227921)

As part of its investment, the Government have agreed a range of commitments with banks accessing the recapitalisation scheme. The conditions attached to the Government’s recapitalisation scheme were set out in detail in the Chancellor’s statements of 8 and 13 October.