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Business: Government Support

Volume 701: debated on Thursday 8 May 2008

asked Her Majesty's Government:

What research has been conducted into the consequences of market distortion from government subsidies to failing businesses. [HL3335]

State aid rules require that a market impact assessment is completed before any restructuring aid can be approved. On the infrequent occasions that we have awarded restructuring aid, for example to British Energy, there has been a detailed consideration of the effects on the market.