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uin	7261
answer › is ministerial correction	false
hansard heading	Productivity

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

390167

registered interest

date

15/07/2015

answering body

Department for Business, Innovation and Skills

answering dept id

answering dept short name

Business, Innovation and Skills

answering dept sort name

Business, Innovation and Skills

hansard heading

Productivity

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the effect of zombie companies on national productivity; and if he will make a statement.

tabling member constituency

Mid Sussex

tabling member printed

Sir Nicholas Soames

uin

7261

answer

is ministerial correction

date of answer

23/07/2015

answer text

<p>Zombie companies are companies that are allowed by banks to delay repayment of a loan so that they effectively only pay the interest due rather than the full loan amount. Bank of England analysis of this ‘loan forbearance’ suggests that only a relatively small proportion of small businesses are in receipt of any form of forbearance (around 6% of SME borrowers in 2013). The Bank concludes that forbearance by banks on loans to small businesses would therefore appear to account for only a small proportion of the weakness in aggregate UK productivity. The Bank’s analysis was published in the Bank’s quarterly bulletin which can be found on the Bank of England’s website.</p>

answering member constituency

Broxtowe

answering member printed

Anna Soubry

question first answered

23/07/2015 10:57:14

answering member

3938

	label	Biography information for Anna Soubry

tabling member

116

	label	Biography information for Lord Soames of Fletching