Trade Credit Insurance Scheme

Part of Oral Answers to Questions — Business, Enterprise and Regulatory Reform – in the House of Commons am 10:30 am ar 7 Mai 2009.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary (Economic and Business), Department for Business, Enterprise & Regulatory Reform, Economic Secretary (Economic and Business), HM Treasury 10:30, 7 Mai 2009

I would like to think that the hon. Gentleman would welcome the trade credit insurance scheme, which has been welcomed by a wide variety of business organisations. It will now provide support that, as I said, will be backdated to 1 April. We believe that it will help companies on the margin whose cover has been reduced. It will help businesses, and I would like to think that the hon. Gentleman's party will welcome that part of the Budget.