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Business of the House

Can we have a statement on the rate of interest we will be charging h on the first tranche of the loan to Ireland? Some £400 million was paid to Ireland on 14 October. In an answer to a parliamentary question, I have been told that we have not yet agreed on the rate of interest, but that it will be significantly lower than it was at the time we discussed the matter in the House, earlier in the year, despite the fact the Irish Government bond rate is still well over 8%.