Clause 1 — United Kingdom loans to Ireland

Part of Loans to Ireland Bill (Allocation of Time) – in the House of Commons at 4:28 pm on 15th December 2010.

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Photo of John Redwood John Redwood Conservative, Wokingham 4:28 pm, 15th December 2010

A portion of the total loan package is contingent money for Irish banks-they may or may not need it. Is my hon. Friend worried that they could come back for even more, and that clause 1(4) could allow an extension of our loan for Irish banks?