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.
| MP | Date | Constituency | Party | Type |
|---|---|---|---|---|
| Austin Mitchell | 18/03/2010 | Great Grimsby | Labour | Proposed |
| Mike Hancock | 22/03/2010 | Portsmouth South | Liberal Democrat | Seconded |
| Paul Flynn | 22/03/2010 | Newport West | Labour | Seconded |
| David Drew | 23/03/2010 | Stroud | Labour | Seconded |
| Ann Cryer | 23/03/2010 | Keighley | Labour | Seconded |
| Martin Caton | 23/03/2010 | Gower | Labour | Seconded |
| Alan Simpson | 24/03/2010 | Nottingham South | Labour | Signed |
| John Cummings | 24/03/2010 | Easington | Labour | Signed |
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