UK Parliament / Open data

Loans to Ireland Bill

Debate on bills and Committee of the Whole House (HC) on Wednesday, 15 December 2010, in the House of Commons, led by Mark Hoban. The answering member was Chris Leslie.
Loans to Ireland Bill. Allocation of time motion agreed to on division (293 votes to 22). Second reading debate agreed to on division (323 votes to 7). Queen's Recommendation signified. Money resolution agreed to on question. Bill committed to a Committee of the Whole House. Committee Stage. Clause 1: United Kingdom Loans to Ireland, agreed to. Clause 2: Reports, agreed to. Clause 3: Short Title, Commencement and Extent, agreed to. Bill, as amended, reported. Third reading debate agreed to on question and Bill passed.
Type
Parliamentary proceeding
Reference
520 c914-1004 
Session
2010-12
Department
Treasury
Legislative stage
Committee stage, Third reading, Report stage and Second reading
Procedure
Allocation of time motions
Money resolutions
Queen's recommendation
Chamber / Committee
House of Commons chamber
Related items
Loans to Ireland Bill. Explanatory Notes Bill 125-EN also published. (vote).
Thursday, 9 December 2010
Bills
House of Commons
Proceeding contributions
Speaker | 520 c951 (Link to this contribution) Order. Because of the popularity of this debate, there will be a seven-minute limit for speeches by ...
George Osborne | 520 c929 (Link to this contribution) Let me take the other intervention and I will answer both.

Show all contributions (214)
George Osborne | 520 c929 (Link to this contribution) From what I could tell from what my hon. Friend was saying in the previous debate, he thought it imp...
Douglas Carswell | 520 c929 (Link to this contribution) The Chancellor suggested that it is at his discretion that he has brought forward this Bill. Is it n...
George Osborne | 520 c929 (Link to this contribution) I beg to move, That the Bill be now read a Second time. Two weeks ago I told the House that it was ...
Peter Bone | 520 c929 (Link to this contribution) I am grateful to the Chancellor for giving way, but has he not let the cat out of the bag? He has ju...
Bernard Jenkin | 520 c925 (Link to this contribution) I wanted to intervene on my hon. Friend the Financial Secretary to ask for a further assurance. I am...
Lord Dodds of Duncairn | 520 c923-4 (Link to this contribution) I shall be brief. I want to commend the hon. Member for Wellingborough (Mr Bone) for his absolute co...
Christopher Chope | 520 c924-5 (Link to this contribution) There is one element of the guillotine motion that I particularly resent. That is the provision that...
Speaker | 520 c929 (Link to this contribution) Order. We cannot have an intervention on an intervention. We will hear from the Chancellor.
George Osborne | 520 c931 (Link to this contribution) I am going to discuss some of the conditions attached to the loan. The particular condition that my ...
William Cash | 520 c931 (Link to this contribution) The document to which my right hon. Friend just referred is ““for information purposes only”” and is...
George Osborne | 520 c930 (Link to this contribution) I will give way to my hon. Friend, and then I really must make some progress.
Christopher Chope | 520 c930 (Link to this contribution) I am grateful to my right hon. Friend. If the point that he is making is such a good one—it may well...
George Osborne | 520 c930 (Link to this contribution) I said in an earlier statement to the House that I was seeking to do that, and I had hoped that hon....
William Cash | 520 c930 (Link to this contribution) Will my right hon. Friend give way?
Nadhim Zahawi | 520 c930 (Link to this contribution) I thank my right hon. Friend for giving way. Setting aside the technicalities of why we are debating...
George Osborne | 520 c930 (Link to this contribution) The second intervention draws me back into the rest of my speech, but in response to my hon. Friend ...
Christopher Chope | 520 c930 (Link to this contribution) Will my right hon. Friend give way on that point?
George Osborne | 520 c930-1 (Link to this contribution) If my hon. Friend will allow me, I will make a bit of progress and then of course take some further ...
Charlie Elphicke | 520 c934 (Link to this contribution) On that point, may I welcome the fact that the Bill is before the House today and that approval is b...
George Osborne | 520 c934 (Link to this contribution) It is a reasonable summary. Of course we stand behind the International Monetary Fund as a sharehold...
Stewart Hosie | 520 c934 (Link to this contribution) May I confirm what the Chancellor has just said? The UK contribution to the entire package will be a...
Andrew Love | 520 c931-2 (Link to this contribution) Two things are happening in Ireland at the moment. The first is that austerity reigns and the econom...
George Osborne | 520 c932-3 (Link to this contribution) Obviously we are not going to prejudge the outcome of any Irish general election. Of course we—not j...
William Cash | 520 c931 (Link to this contribution) My right hon. Friend is perhaps confirming my concern, which is that the interweaving of the conditi...
George Osborne | 520 c931 (Link to this contribution) I know that my hon. Friend is assiduous on these points, but I think that on this occasion he is not...
John Redwood | 520 c933 (Link to this contribution) As this crisis was triggered by the withdrawal of European Central Bank support for Irish banks, wil...
George Osborne | 520 c933 (Link to this contribution) I had a very specific choice. I had the opportunity—of course, I would have had to seek the authorit...
Anne Main | 520 c933 (Link to this contribution) My right hon. Friend has stressed the importance of the export market and our strong links with Irel...
George Osborne | 520 c933 (Link to this contribution) It is merely an observation that the fact that Ireland is a member of the European Union is not why ...
George Osborne | 520 c934-5 (Link to this contribution) As I explained to the House previously—my predecessor, the right hon. Member for Edinburgh South Wes...
Peter Bone | 520 c935 (Link to this contribution) Subsections (4) and (5) seem to say the opposite. They seem to say that the maximum amount may incre...
George Osborne | 520 c935 (Link to this contribution) My hon. Friend is pre-empting my speech. I shall get on and explain exactly what those two subsectio...
William Cash | 520 c935 (Link to this contribution) I am sure that my right hon. Friend will understand my saying that it would have been so much simple...
George Osborne | 520 c936 (Link to this contribution) No, let me explain. There are two separate subsections. Subsection (4) allows the loan to be increas...
Laurence Robertson | 520 c936 (Link to this contribution) I will be supporting my right hon. Friend in the Lobbies tonight, but I am slightly concerned about ...
George Osborne | 520 c936 (Link to this contribution) My hon. Friend has a deep knowledge and experience of issues in Northern Ireland, and indeed the Rep...
Mark Hoban | 520 c916 (Link to this contribution) As my right hon. Friend the Chancellor will say in his speech, the loan will be disbursed in eight t...
Chris Bryant | 520 c916 (Link to this contribution) I, too, do not want overly to delay the House, but we are using an emergency procedure on a Bill tha...
Mark Hoban | 520 c916 (Link to this contribution) I was drawing my remarks to a close, because I am very conscious that every minute I spend at the Di...
Speaker | 520 c914 (Link to this contribution) The amendment has not been selected, but there will be an opportunity for a debate, and if necessary...
Mark Hoban | 520 c914-5 (Link to this contribution) I beg to move,"That the following provisions shall apply to the proceedings on the Loans to Ireland ...
Lady Hermon | 520 c916 (Link to this contribution) Will the Minister clarify one point that confuses me? The Bill is entitled the Loans to Ireland Bill...
Mark Hoban | 520 c916 (Link to this contribution) I do not wish to pre-empt the remarks that my right hon. Friend the Chancellor of the Exchequer will...
Peter Bone | 520 c923 (Link to this contribution) My hon. Friend is tempting me to enter the debate, which I am not going to do, and as time is short,...
Steve Baker | 520 c923 (Link to this contribution) I am most grateful to my hon. Friend for giving me the opportunity to say just how much I stand behi...
Jim McGovern | 520 c918 (Link to this contribution) I was intrigued to hear the hon. Member for Harwich and North Essex (Mr Jenkin) say in his intervent...
Peter Bone | 520 c916-8 (Link to this contribution) I have a lot of respect for the Minister; he is one of the most able in the House. [Hon. Members: ““...
Mark Hoban | 520 c916 (Link to this contribution) It is important that there is proper parliamentary scrutiny of measures such as this. That is why we...
Mark Hendrick | 520 c919 (Link to this contribution) Clearly the issue at hand is not whether the Government will give £3.25 billion to Ireland. However,...
Peter Bone | 520 c919 (Link to this contribution) I am grateful to my hon. Friend for his support. If we do not get it right today, this coalition Gov...
Mark Reckless | 520 c918-9 (Link to this contribution) We may have heard one or two ““Hear, hears””, and I am certainly someone who wants to speak on Secon...
William Cash | 520 c976 (Link to this contribution) I beg to move amendment 3, page 1, line 4, at end insert
Chair of Committees of the Whole House | 520 c976 (Link to this contribution) With this it will be convenient to discuss the following:
William Cash | 520 c978-80 (Link to this contribution) That is a very good question. I doubt very much whether an attempt to make the provision retrospecti...
Stewart Hosie | 520 c980 (Link to this contribution) Could it not simply be the case that the UK is providing a loan to Ireland in a time of need—a count...
William Cash | 520 c981 (Link to this contribution) I happen to agree with that, which is why I did not vote against the Bill, but I must say that this ...
Lord Dodds of Duncairn | 520 c981 (Link to this contribution) We will listen with interest to what the Minister has to say, but, just to be clear, is the hon. Gen...
William Cash | 520 c976-7 (Link to this contribution) I have just abstained on Second Reading for one simple reason. I had intended to vote for it, but I ...
John Redwood | 520 c977 (Link to this contribution) A portion of the total loan package is contingent money for Irish banks—they may or may not need it....
William Cash | 520 c977-8 (Link to this contribution) Yes I am. Treasury civil servants are exceedingly clever and may know of pitfalls, but they might no...
John Redwood | 520 c978 (Link to this contribution) My hon. Friend has great legal expertise. I understand that the European Union is trying to negotiat...
Philip Hollobone | 520 c983 (Link to this contribution) That is exactly the danger. Under the present discussions about the permanent crisis resolution mech...
William Cash | 520 c981-2 (Link to this contribution) The provision appears to apply to the Irish component, but because of the implications of what I am ...
Mark Hoban | 520 c989-90 (Link to this contribution) Amendment 3, which my hon. Friend the Member for Stone (Mr Cash) has moved, would ensure that the Bi...
Mark Durkan | 520 c986-7 (Link to this contribution) I know that the hon. Gentleman made that point, too, and I want to turn to it. He carefully quoted a...
Chris Leslie | 520 c987-9 (Link to this contribution) Although most of the Opposition's amendments relate to clause 2, these amendments deal with a number...
Mark Durkan | 520 c985-6 (Link to this contribution) On amendment 3, tabled by the hon. Member for Stone (Mr Cash), the amendment of itself does not prec...
Kelvin Hopkins | 520 c983 (Link to this contribution) I thank the hon. Gentleman for his intervention. The amendments from the hon. Member for Stone will ...
Douglas Carswell | 520 c983-5 (Link to this contribution) I wish to discuss amendment 6. It commands great interest across the House, although that may be dif...
William Cash | 520 c990 (Link to this contribution) For the time being, I have decided against pressing amendment 3 to a Division. Amendment, by leave,...
Mark Hoban | 520 c994 (Link to this contribution) I beg to move manuscript amendment (a), page 2, line 16, at end insert—
Chair of Committees of the Whole House | 520 c994 (Link to this contribution) With this it will be convenient to consider the following:
Mark Hoban | 520 c994-5 (Link to this contribution) In dealing with the issues emerging in Ireland, we have sought to keep the House informed as much as...
Peter Bone | 520 c995 (Link to this contribution) Does that not show that this coalition Government are willing to listen to Parliament's views and to...
Mark Hoban | 520 c996 (Link to this contribution) I am pleased that my hon. Friend recognises the spirit of the new politics, but I am not quite sure ...
Chris Leslie | 520 c996-7 (Link to this contribution) I do not necessarily wish to pour more congratulations on to the shoulders of the Minister—that woul...
Chris Leslie | 520 c997-8 (Link to this contribution) I thank the hon. Gentleman. Just at what I thought was my moment of great glee, he took it away from...
William Cash | 520 c998 (Link to this contribution) I have much the same curiosity as the hon. Member for Nottingham East (Chris Leslie). I was a bit pu...
Chris Leslie | 520 c998 (Link to this contribution) I just want to pick up the hon. Gentleman's point that if there is nothing to report there is no nee...
Mark Hoban | 520 c999 (Link to this contribution) I think the hon. Member for Foyle (Mark Durkan) has a second career beckoning as a parliamentary dra...
William Cash | 520 c999 (Link to this contribution) Perhaps a little bit of irritation, which is not usual in my case, is beginning to burgeon, because ...
William Cash | 520 c998 (Link to this contribution) I think I might agree with that too, but I think that is catered for by subsection (3)(a), which say...
Mark Durkan | 520 c998-9 (Link to this contribution) Like my hon. Friend the Member for Nottingham East (Chris Leslie) and the hon. Member for Stone (Mr ...
Peter Bone | 520 c1000 (Link to this contribution) Can the Minister answer the following question, which has been raised several times during the debat...
Mark Hoban | 520 c1000 (Link to this contribution) That is an interesting question, as my hon. Friend the Deputy Leader of the House knows because he a...
Chair of Committees of the Whole House | 520 c999 (Link to this contribution) Order. This is an intervention. It is a very long intervention. The hon. Gentleman has clarified wha...
Mark Hoban | 520 c999-1000 (Link to this contribution) It is right that the duty to report is extinguished when there is no principal outstanding, and that...
Mark Hoban | 520 c1000-1 (Link to this contribution) I beg to move, That the Bill be now read the Third time. This has been a quick process; Bills are n...
Peter Bone | 520 c1004 (Link to this contribution) It is a great pleasure to follow the hon. Member for Foyle (Mark Durkan). The Bill has, as he said, ...
Mark Durkan | 520 c1003-4 (Link to this contribution) I join right hon. and hon. Members in welcoming the passage of this Bill, which is a sad necessity. ...
William Cash | 520 c1002-3 (Link to this contribution) I, too, hope that this Bill succeeds, because it is important to help Ireland. I would like to see I...
Chris Leslie | 520 c1001-2 (Link to this contribution) As the Minister has said, this is important legislation. We have been happy to support the spirit of...
Peter Bone | 520 c970 (Link to this contribution) I entirely agree with what my hon. Friend is saying. However, the measure will increase our debt, wh...
Mark Hoban | 520 c969-70 (Link to this contribution) This has been a good debate about the principles underlying the Bill, and I welcome the Opposition's...
Mark Hoban | 520 c971 (Link to this contribution) The debt is matched by an asset, which is the amount we expect to get from Ireland, and it does not ...
William Cash | 520 c968 (Link to this contribution) Will the hon. Gentleman give way?
Chris Leslie | 520 c968-9 (Link to this contribution) I think we shall have to take the issues as they come before us. I understand the hon. Gentleman's a...
William Cash | 520 c968 (Link to this contribution) Does the hon. Gentleman agree that were there to be such a European dimension as effectively to subj...
Chris Leslie | 520 c967-8 (Link to this contribution) Let me say on behalf of Her Majesty's Opposition that we welcome the debate, in which plenty of view...
Mark Reckless | 520 c966-7 (Link to this contribution) The package is described as a bail-out of Ireland, but it is important that we recognise that Irelan...
David Rutley | 520 c964-5 (Link to this contribution) As I watched a few minutes of the film ““The Perfect Storm”” recently, I could not help but reflect ...
Speaker | 520 c964 (Link to this contribution) Order. I now have to announce the result of a Division deferred from a previous day. On the question...
Alasdair McDonnell | 520 c963-4 (Link to this contribution) I thank my hon. Friend, who puts it better than I could have done. I want to come on to why interna...
Mark Durkan | 520 c963 (Link to this contribution) I thank my hon. Friend for giving way. Lessons will have to be learned, not so much about the euro p...
Alasdair McDonnell | 520 c963 (Link to this contribution) Some of us see the euro as a problem and some of us do not. Being in the euro has been an advantage ...
Anne Main | 520 c962-3 (Link to this contribution) I heard what the hon. Gentleman said earlier in his speech about why we should support southern Irel...
Alasdair McDonnell | 520 c962 (Link to this contribution) I congratulate the Chancellor on the proposal, which I fully support. It is my understanding that th...
Speaker | 520 c967 (Link to this contribution) The hon. Member for Kettering (Mr Hollobone) has three minutes, as we must finish at 4 o'clock.
Philip Hollobone | 520 c967 (Link to this contribution) I shall vote against the Second Reading of the Bill, I shall oppose the money resolution and I shall...
Christopher Chope | 520 c957 (Link to this contribution) I am grateful to my hon. Friend for his observations. None of my constituents, particularly those i...
Christopher Chope | 520 c956 (Link to this contribution) I hope that the former Chancellor's message to Germany is well received by the German people, becaus...
Mark Reckless | 520 c956 (Link to this contribution) All we are doing is passing on to Ireland the quarter per cent. or so of benefit that we gain by bei...
James Clappison | 520 c955 (Link to this contribution) Will the right hon. Gentleman give way on that point?
William Cash | 520 c955 (Link to this contribution) I am extremely grateful. Did the right hon. Gentleman take legal advice on whether, as I said at the...
Lord Darling of Roulanish | 520 c955 (Link to this contribution) Yes, but as I said earlier, because of QMV, the deal would have gone through anyway. I also do not a...
Lord Darling of Roulanish | 520 c955 (Link to this contribution) Talking of which, I give way to the phobic-in-chief.
Christopher Chope | 520 c957 (Link to this contribution) I am sure that my hon. Friend is absolutely right. We are contributing to Ireland through our EU mem...
Peter Bone | 520 c957 (Link to this contribution) Will my hon. Friend confirm that our net contributions to the EU over the next five years will be £4...
Lord Dodds of Duncairn | 520 c958-60 (Link to this contribution) It is a pleasure to follow the hon. Member for Christchurch (Mr Chope). He mentioned corporation tax...
Peter Bone | 520 c960-1 (Link to this contribution) It is a great pleasure to follow the right hon. Member for Belfast North (Mr Dodds). He made many po...
Sajid Javid | 520 c961 (Link to this contribution) Is my hon. Friend aware that recently the Prime Minister of Luxembourg made a proposal that the EU s...
Peter Bone | 520 c961-2 (Link to this contribution) Of course; I thank my hon. Friend for raising that. I disagreed with the shadow Chancellor when he ...
Philip Hollobone | 520 c957 (Link to this contribution) Does my hon. Friend recall Ireland's position a few months ago, when the UK Government tried to brin...
Christopher Chope | 520 c957-8 (Link to this contribution) My hon. Friend asks a rhetorical question. The answer is that I am not sure where Ireland was at tha...
Mark Durkan | 520 c958 (Link to this contribution) Does the hon. Gentleman not acknowledge the scale of the exposure of British banks in the Irish Repu...
Christopher Chope | 520 c958 (Link to this contribution) Of course I acknowledge that, because it is a fact. However, my hon. Friend the Member for Chicheste...
George Osborne | 520 c942 (Link to this contribution) My hon. Friend makes a very good point. A sudden flight of international investment from Ireland is ...
Andrew Love | 520 c942 (Link to this contribution) Will the right hon. Gentleman give way?
George Osborne | 520 c942 (Link to this contribution) If the hon. Gentleman just allows me to make a little progress.
William Cash | 520 c942 (Link to this contribution) Will my right hon. Friend give way?
George Osborne | 520 c942 (Link to this contribution) My hon. Friend will be very focused on what I am about to say, so if he does not mind I shall make a...
Lord Johnson of Marylebone | 520 c942 (Link to this contribution) The Chancellor speaks of a comprehensive solution. Does he recognise that we face not only a crisis ...
George Osborne | 520 c943 (Link to this contribution) My hon. Friend makes a very good point. There was a debate—it was pretty widely reported, so I am no...
Geoffrey Robinson | 520 c941 (Link to this contribution) I have listened with interest to what the Chancellor has been saying. I appreciate the measured way ...
George Osborne | 520 c941 (Link to this contribution) We are being repaid in sterling, so that answers the hon. Gentleman's first point. I have already de...
David TC Davies | 520 c941-2 (Link to this contribution) I do not pretend to be an economist, but does the Chancellor share my concern that, if the European ...
George Osborne | 520 c944 (Link to this contribution) Well, I took a lot of interventions. I'm sorry about that, but there we go—there's no gratitude in t...
Andrew Love | 520 c944 (Link to this contribution) Will the right hon. Gentleman give way?
George Osborne | 520 c944 (Link to this contribution) If the hon. Gentleman will allow me, I have already taken an intervention from him. Many Members wan...
Alan Johnson | 520 c944 (Link to this contribution) We will support the Bill. The more I listen to the Chancellor, the more my admiration and respect gr...
David TC Davies | 520 c944 (Link to this contribution) Will the right hon. Gentleman give way?
William Cash | 520 c943 (Link to this contribution) I have put a number of questions, as yet unanswered, to my right hon. Friend on that very issue, but...
George Osborne | 520 c943-4 (Link to this contribution) First, I am dealing with the situation as I found it, and as I found it we were committed to that me...
George Osborne | 520 c943 (Link to this contribution) I see the speed with which my hon. Friend leaps to his feet at that point, but I shall take his inte...
Speaker | 520 c939 (Link to this contribution) No interventions on an intervention, please.
George Osborne | 520 c938-9 (Link to this contribution) I do not think it has materially changed. I have been quite focused on trying to land it at the 5.9%...
Nadhim Zahawi | 520 c939 (Link to this contribution) What the Chancellor is saying is particularly pertinent, given that the Post Office cash machine in ...
Angela Eagle | 520 c939 (Link to this contribution) Give him a job; it would be easier.
Nadhim Zahawi | 520 c939 (Link to this contribution) A quick question to the Chancellor, that is.
George Osborne | 520 c936-7 (Link to this contribution) There is a convention that multilateral loans, such as those involving the mechanism and the IMF, ra...
Philip Hollobone | 520 c938 (Link to this contribution) Will my right hon. Friend inform the House how that rate of interest compares with the loan he menti...
George Osborne | 520 c938 (Link to this contribution) The interest rate to Iceland is substantially lower because, frankly, needs must: I am seeking to re...
Mark Reckless | 520 c938 (Link to this contribution) It is enormously welcome that this country is working with Iceland and Ireland to support them in th...
Mark Reckless | 520 c936 (Link to this contribution) Will my right hon. Friend confirm that, notwithstanding previous assurances, this loan will not rank...
George Osborne | 520 c941 (Link to this contribution) As I said to the House on a previous occasion, I did not think it right—others may take a different ...
George Osborne | 520 c941 (Link to this contribution) I will briefly take a couple of interventions.
George Osborne | 520 c940 (Link to this contribution) I give way to the right hon. Member for Belfast North (Mr Dodds).
Lord Dodds of Duncairn | 520 c940-1 (Link to this contribution) I am grateful to the Chancellor, whose comments have clearly provoked a big reaction. Corporation t...
Jim Shannon | 520 c940 (Link to this contribution) Over the past few days we have seen substantial growth in the economy of the UK mainland, but that g...
George Osborne | 520 c940 (Link to this contribution) I completely understand the hon. Gentleman's apprehension, given the close connections between the e...
Mark Field | 520 c939 (Link to this contribution) I understand all the Chancellor's concerns about the close relationship between us and Ireland. He s...
George Osborne | 520 c939-40 (Link to this contribution) I have said that I regard this as a case in its own right—a very specific case. As I have explained,...
Nadhim Zahawi | 520 c939 (Link to this contribution) Are we the only lender that is lending in a currency other than the euro?
George Osborne | 520 c939 (Link to this contribution) Sweden and Denmark are at this moment finalising their loan agreement, and I do not think they have ...
Alan Johnson | 520 c948 (Link to this contribution) I am grateful for that clarification; we will look at that very carefully. What the Chancellor is sa...
Alan Johnson | 520 c949 (Link to this contribution) I will not bother to take an intervention from the hon. Lady next time, because that point does not ...
Claire O'Neill | 520 c948 (Link to this contribution) The shadow Chancellor says that he supports the idea of a bilateral loan because Ireland is such an ...
Alan Johnson | 520 c949 (Link to this contribution) I am coming to exactly that point. Some Conservative Members think that the root cause is the singl...
Andrew Gwynne | 520 c949 (Link to this contribution) Is it not important that Europe gets ahead of the crisis? As we saw with the Greek bail-out, such sh...
Alan Johnson | 520 c949-50 (Link to this contribution) The hon. Gentleman is right that the single currency gives Ireland no mechanism to devalue its curre...
Bernard Jenkin | 520 c949 (Link to this contribution) When a country becomes over-indebted, it can either enslave itself to the debt or inflate and devalu...
Alan Johnson | 520 c950-1 (Link to this contribution) No, I will not give way. The Prime Minister said:"““That is why a priority for any Conservative gove...
Lord Darling of Roulanish | 520 c955 (Link to this contribution) The circumstances in which Ireland finds itself are complex, but there is no doubt that one problem ...
Lord Tyrie | 520 c952-3 (Link to this contribution) I appreciate that. The Chancellor has referred to 2013 on a number of occasions, and my hon. Friend ...
William Cash | 520 c952 (Link to this contribution) My hon. Friend says that he was reassured by the Chancellor, but does he appreciate that until 2013,...
Lord Tyrie | 520 c951-2 (Link to this contribution) Until the shadow Chancellor's last few words, I was looking forward to saying that I agree with just...
Lord Tyrie | 520 c953 (Link to this contribution) I will not, because I am about to conclude. Any new bail-out mechanism, however, may itself lack cr...
Lord Tyrie | 520 c953 (Link to this contribution) I have no doubt that the Government are listening to my hon. Friend and others, who will put pressur...
Sajid Javid | 520 c955 (Link to this contribution) The shadow Chancellor made the rather incredible statement in his opening remarks that he believes t...
Lord Darling of Roulanish | 520 c953-4 (Link to this contribution) I agree with the hon. Member for Chichester (Mr Tyrie) that we should be concerned about what is bei...
Alan Johnson | 520 c945 (Link to this contribution) I believe that the hon. Gentleman will seek to address that in his amendment to clause 3, which we w...
William Cash | 520 c945 (Link to this contribution) When the shadow Chancellor says, as the Chancellor said, that the process was triggered by a qualifi...
Alan Johnson | 520 c945-6 (Link to this contribution) I always try to avoid sharing the hon. Gentleman's pleasure. I shall come to the nature of the deal,...
David TC Davies | 520 c945 (Link to this contribution) Does the shadow Chancellor share my gratitude that the decision is being taken in this Chamber and n...
Alan Johnson | 520 c944 (Link to this contribution) I will take interventions later. In his statement on 22 November—repeated today—the Chancellor said...
Peter Bone | 520 c947 (Link to this contribution) The shadow Chancellor is on to something here. It is bizarre that less money is being taken from the...
Alan Johnson | 520 c946 (Link to this contribution) I am grateful to the Chancellor for that intervention. However, it does not explain why the £3.25 bi...
George Osborne | 520 c946 (Link to this contribution) I am not sure that the shadow Chancellor is correct in that assertion. First, our contribution has b...
Alan Johnson | 520 c947 (Link to this contribution) This may be news to the hon. Gentleman, but his party is in government now. As I said, my party ensu...
Charlie Elphicke | 520 c947 (Link to this contribution) Surely, the right hon. Gentleman's point highlights the lack of wisdom in signing us up to the stabi...
Alan Johnson | 520 c947 (Link to this contribution) I do agree that part of it should be bilateral, for all the reasons that I have mentioned. As variou...
Mark Field | 520 c947 (Link to this contribution) I will try to make a more helpful point. Given that the Opposition are supporting this loan arrangem...
Philip Hollobone | 520 c947 (Link to this contribution) Is the shadow Chancellor's point that the European Central Bank is keeping these funds to rescue Por...
Alan Johnson | 520 c947 (Link to this contribution) We have the €60 billion fund, about which the hon. Member for Dover (Charlie Elphicke) intervened, a...
George Osborne | 520 c948 (Link to this contribution) I must correct this point. We are paying pretty much exactly what we would have paid if we had been ...
Alan Johnson | 520 c948 (Link to this contribution) Yes, but that is a matter for the eurozone. If the Chancellor is right in his prediction that perhap...
William Cash | 520 c948 (Link to this contribution) Is the shadow Chancellor aware that serious discussions are going on about increasing the €400 billi...
Alan Johnson | 520 c947-8 (Link to this contribution) No, I will not give way—perhaps later. I am also curious about the following piece of distorted log...
Bernard Jenkin | 520 c915-6 (Link to this contribution) I do not think that anybody wants to waste time on the timetable motion unless necessary, but if my ...
Peter Bone | 520 c919-23 (Link to this contribution) Mr Speaker, you would rightly tick me off if I answered that question. That is a matter for the Seco...
Kelvin Hopkins | 520 c982-3 (Link to this contribution) It is a pleasure to follow the hon. Member for Stone (Mr Cash); I very much agree with what he has b...
Lord Darling of Roulanish | 520 c955-6 (Link to this contribution) No—I will not do so because of the time constraints. I agree with many hon. Members that Europe urg...
Bernard Jenkin | 520 c953 (Link to this contribution) Does my hon. Friend share the concern that because we are taking part in the Irish bail-out on equal...
Speaker | 520 c925 (Link to this contribution) No further Members are standing to show that they wish to speak.
Peter Bone | 520 c918 (Link to this contribution) This Government have put us in a Catch-22 situation, which the previous Government used to put us in...
William Cash | 520 c986 (Link to this contribution) I agree with that, but that is not what I have said. I have said that under this Bill, the consequen...
Subjects
Debts
Banks
Finance
Financial services
Government assistance
Interest charges
Economic situation
Euro
International Monetary Fund
EU grants and loans
Parliamentary scrutiny
Loans
Public finance
Republic of Ireland
Trade
European Central Bank
Statutory instruments
Legislation
Loans to Ireland Bill 2010-12
Link
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