Financial Assistance (Ireland) Debate

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Department: HM Treasury

Financial Assistance (Ireland)

Claire Perry Excerpts
Monday 22nd November 2010

(13 years, 5 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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We are taking this action precisely because, in part, we recognise the specific economic connections between Northern Ireland and southern Ireland. I would be very happy for the Treasury to work with the Northern Ireland Executive on looking at the potential economic impact of what is happening in Ireland. Obviously, the intention is to bring some stability to the Irish economy, and then some growth, which would be in the interests of not only the people of the Republic but the citizens of the United Kingdom.

Claire Perry Portrait Claire Perry (Devizes) (Con)
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I understand that the Chancellor cannot yet set out the amounts that will be delivered under various mechanisms, but can he at least reassure the House that any bilateral financing will rank at least pari passu with money delivered through the IMF and through the EU mechanisms?

George Osborne Portrait Mr Osborne
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We would certainly expect it to be treated with the same seniority as any other European assistance.