Financial Assistance for Ireland

Wednesday 15th December 2010 Written Statements

[The Chancellor of the Exchequer (Mr George Osborne)]

I have today placed in the Libraries of both Houses and made available in the Vote Office copies of a summary of key terms for the credit facility for Ireland, agreed in principle with the Irish authorities, to inform debate of the Loans to Ireland Bill.

The full credit agreement is currently being negotiated between HM Treasury and Ireland and will be provided to the House in due course.