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Banks: Housing Associations

Volume 487: debated on Wednesday 4 February 2009

To ask the Chancellor of the Exchequer what steps he is taking to encourage banks to lend to housing associations. (244912)

On 8 October the Government announced a comprehensive package of measures to support stability of the financial system, protect ordinary savers, depositors, businesses and borrowers, and to safeguard the interests of the taxpayer.

As part of its investment, the Government have agreed with the banks supported by the recapitalisation scheme a range of commitments. Details are available at:

http://www.hm-treasury.gov.uk/press_105_08.htm