Aid Reviews
Debate between Andrew Mitchell and Chris Bryant
Tuesday 1st March 2011
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(13 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Chris Bryant (Rhondda) (Lab)
Why on earth are the Government lending £160 million to the Turks and Caicos Islands, which have a very high gross domestic product per head, and why are we also allowing the Cayman Islands to borrow a similar amount of money without introducing anything to tackle their tax haven status?
Mr Mitchell
The hon. Gentleman did not listen carefully to my earlier response, which was that the Government are supplying a guarantee to the Government of the Turks and Caicos Islands so that they have a period of time in which to sort out their financial difficulties. If all goes well, there will not be any costs at all to the British taxpayer as a result.