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PARLIAMENTARY WRITTEN QUESTION
Banks: Loans (4 June 2014)

Question Asked

To ask Mr Chancellor of the Exchequer, what representations he has received about the publication of personal and business lending data by postcode; and if he will make a statement.

Asked by:
Gareth Thomas (Labour)

Answer

In July 2013 the Government announced that it had reached an agreement with the major UK banks to publish lending data across 10,000 individual postcodes.

The first dataset was published in December 2013 and shows the outstanding stock of lending that has been committed to customers across three categories; loans and overdrafts to SMEs, mortgages and unsecured personal loans (excluding credit cards).

The data will allow challenger banks, smaller building societies, credit unions and community development finance institutions (CDFIs) to find areas where there is a lack of lending so they can offer finance to those customers who are crying out for support to help their business grow.


Answered by:
Andrea Leadsom (Conservative)
9 June 2014

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