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Banks: Finance

Volume 508: debated on Wednesday 7 April 2010

To ask the Chancellor of the Exchequer what changes in levels of (a) taxation and (b) public expenditure will be required to finance the requirement to repay loans made from the public purse to banks, as referred to in the Financial Services Authority’s publication Financial Risk Outlook of 10 March 2010. (322682)

[holding answer 16 March 2010]: The Financial Risk Outlook discusses liquidity and funding support provided to eligible institutions. Responsibility for repayment of such support lies with the eligible institution itself.