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Interest Free Credit

EDM number 1138 in 2009-10, proposed by Austin Mitchell on 18/03/2010.
Categorised under the topic of Financial services.

That this House believes that HM Treasury should alleviate the effects of the recession and prevent the continued escalation of debt by matching the amount of money created through quantitative easing by the Bank of England with interest free cash for financing works in the public interest, thus addressing the enormous imbalance between interest bearing credit and interest free cash in the overall money supply.

This motion has been signed by a total of 8 MPs.

MPDateConstituencyPartyType
Austin Mitchell18/03/2010Great GrimsbyLabourProposed
Mike Hancock22/03/2010Portsmouth SouthLiberal DemocratSeconded
Paul Flynn22/03/2010Newport WestLabourSeconded
David Drew23/03/2010StroudLabourSeconded
Ann Cryer23/03/2010KeighleyLabourSeconded
Martin Caton23/03/2010GowerLabourSeconded
Alan Simpson24/03/2010Nottingham SouthLabourSigned
John Cummings24/03/2010EasingtonLabourSigned

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