Aid Reviews

Chris Bryant Excerpts

Tuesday 1st March 2011 Commons Chamber

[Mr Speaker]

Order. It is always a pleasure to hear the hon. Gentleman but I have a faint suspicion that he toddled out of the Chamber at one point, which is of itself not a criminal offence, but it does rather disqualify him from participating in the exchanges on the statement. We will hear from him again soon I am sure.

[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.