Question to the HM Treasury:

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.

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.