I am going to discuss some of the conditions attached to the loan. The particular condition that my hon. Friend refers to ensures that the UK is protected if other parties to this international agreement change their arrangement with Ireland in some way that materially affects our ability to be repaid. That condition gives us an ability at that point to step in.
Loans to Ireland Bill
Proceeding contribution from
George Osborne
(Conservative)
in the House of Commons on Wednesday, 15 December 2010.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Loans to Ireland Bill.
Type
Proceeding contribution
Reference
520 c931 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 14:25:30 +0000
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