Overseas Loans: Republic of Ireland

Treasury written question – answered on 25th February 2021.

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Photo of Gregory Campbell Gregory Campbell Shadow DUP Spokesperson (International Development), Shadow DUP Spokesperson (Cabinet Office)

To ask the Chancellor of the Exchequer, whether the Republic of Ireland is due to conclude the repayment of its loan under the Loans to Ireland Act 2010 by March 2021; and how much in interest will have been paid from the outset to full repayment.

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

Ireland is due to repay the final tranche of its bilateral loan from the UK in March 2021. The Government continues to expect the loan to be repaid in full and on time. The next report under section 2 of the Loans to Ireland Act 2010, which the Government will publish in April 2021, will disclose all interest payments from the outset to full repayment.

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