Business of the House

Christopher Chope Excerpts

Thursday 10th November 2011 Commons Chamber

[Sir George Young]

I believe e-petitions have been a success in building a bridge between people and Parliament and in ensuring that the House’s diet reflects the interests of those outside. I welcome what the hon. Lady’s Committee has been able to do so far in finding time to debate e-petitions and I recognise that the success of e-petitions has increased pressure on it. We are committed to a review of the Backbench Business Committee, and concurrently there is a review of the calendar of the House. That is the right context in which to visit the issue she rightly raises of the increased pressure on her Committee to find time for debates.

[Mr Christopher Chope (Christchurch) (Con)]

Can we have a statement on the rate of interest we will be charging on the first tranche of the loan to Ireland? Some £400 million was paid to Ireland on 14 October. In an answer to a parliamentary question, I have been told that we have not yet agreed on the rate of interest, but that it will be significantly lower than it was at the time we discussed the matter in the House, earlier in the year, despite the fact the Irish Government bond rate is still well over 8%.

[Sir George Young]

I point out to my hon. Friend that we are debating related issues—the International Monetary Fund and the eurozone crisis—in Westminster Hall next Tuesday, when I expect a Treasury Minister to be responding. There will an opportunity for my hon. Friend to raise that question in that debate, which I am sure he will want to attend. I will ensure that the Treasury Minister is forewarned about where he is coming from.