Vince
Cable has been accused of "trying to hide the
abject failure" of George
Osborne's flagship schemes which are
supposed to help British businesses export.
This comes after the Huffington Post UK revealed earlier this month that
the Chancellor's £3 billion Direct Lending Facility
(DLF) unveiled last autumn and operational since
this March, has only helped one firm - the construction giant Carillion - trade
overseas.
Under questioning from MPs on
Thursday, the business secretary mocked
such findings as "horribly out of date", insisting that "dozens of companies are
now benefiting from that new suite of credit facilities".
However, when asked who these other firms were, Cable refused to name
them, sparking suggestions that he is now trying to "spin his government’s poor
record".
HuffPostUK has repeatedly asked UK Export Finance, the government
agency that offers insurance and bank guarantees to exporters, to confirm if the
DLF had still only helped one business. Asa Bennett. Huff
Post.
