Loans: Republic of Ireland

Treasury written question – answered on 10th September 2018.

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Photo of Paul Girvan Paul Girvan Shadow DUP Spokesperson (Education), Liberal Democrat Lords Spokesperson (Transport), Shadow DUP Spokesperson (Transport)

To ask the Chancellor of the Exchequer, what progress the Republic of Ireland has made in its repayment of bailout loans issued by the UK.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

I refer the Hon Member 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 report was laid in Parliament on 24 April 2018 and is available in the Vote Office.

This report shows that principal repayments are due in tranches from 15 April 2019 until 26 March 2021. The UK has received interest payments since the disbursement of the loan. The timetable for repayment set out in the report remains unchanged, and the government continues to expect the loan to be repaid on time and in full.

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