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Public Expenditure: Banks

Volume 496: debated on Wednesday 16 September 2009

To ask the Chancellor of the Exchequer what estimate he has made of the proportion of expenditure from the public purse in 2010-11 expected to be spent on Government (a) loans to and (b) purchase of equity or shares in banks. (288183)

As set out in Budget 2009, the Government projects that the net effect of financial sector interventions on the central Government net cash requirement (CGNCR) will be zero in 2010-11.