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Interbank Lending Scheme

Volume 488: debated on Wednesday 4 March 2009

To ask the Chancellor of the Exchequer what the value of lending guaranteed by the Interbank Lending Scheme is. (256181)

On 8 October 2008, the Government announced, as part of a comprehensive package of measures, the Credit Guarantee Scheme. The scheme took effect on 13 October and assists eligible institutions in refinancing maturing wholesale funding. Banks have drawn down some £100 billion of guarantees.