Question to the HM Treasury:

To ask Her Majesty’s Government how much they are owed by the government of the Republic of Ireland as a result of loans following the recent financial crisis; how much has been paid off; and what are the arrangements for repayment.

I refer the noble Lord to the last statutory report which the Treasury provided to Parliament as required by Section 2 of the Loans to Ireland Act 2010. The last report was published on the 28 April 2014 and is available here along with all previous reports submitted:

https://www.gov.uk/government/collections/bilateral-loan-to-ireland

Since the publication of this report, the UK has received a further interest payment from Ireland on the 16 June 2014 of £41,769,173.48.

The next report will be provided as soon as reasonably possible at the end of the next reporting period which finishes on the 30 September 2014.