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Written question asked by Lord Laird (Non-affiliated) on Monday, 9 October 2017, in the House of Lords. It was due for an answer on Monday, 23 October 2017. It was answered by Lord Bates (Conservative) on Monday, 23 October 2017 on behalf of the Treasury.


Overseas Loans: Republic of Ireland

Question

To ask Her Majesty's Government how much the UK is still owed by the Republic of Ireland as a result of loans connected to the financial crash of 2007; what are the arrangements for repayment; and whether they will arrange for such information to be published in the Official Report.

Answer

I refer the noble Lord to the most recent statutory report which the Treasury provided to Parliament as required by Section 2 of the Loans to Ireland Act 2010. The last report was laid in Parliament on 18 April 2017 and is available in the Printed Paper Office.

This report shows the outstanding principal is £3,226,960,000, with repayments due in tranches from 15 April 2019 until 26 March 2021. The timetable for repayment set out in this report remains unchanged.


Secondary information

Type
Written question
Reference
HL1751
Session
2017-19
Related items
Treasury: Written Questions
Tuesday, 7 November 2017
Written questions
House of Lords
Subjects
Republic of Ireland Repayments Overseas loans
Contains statistics
Yes
Link
View this Written question on www.parliament.uk