Finance Ministers’ Meeting (Ireland) Debate

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Department: HM Treasury

Michael Fallon

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Oral Answers to Questions

Finance Ministers’ Meeting (Ireland)

Michael Fallon Excerpts

Points of Order
Wednesday 17th November 2010

(14 years, 1 month ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

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Mark Hoban Portrait Mr Hoban
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I want just to reiterate—to correct the right hon. Gentleman—that no formal request has been received from the Irish for assistance.

Michael Fallon Portrait Michael Fallon (Sevenoaks) (Con)
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Irrespective of our obligations under the new European mechanism, which the Labour Chancellor agreed, will my hon. Friend confirm that there is a strong British national interest in securing a stable banking system on both sides of the Irish sea?

Mark Hoban Portrait Mr Hoban
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My hon. Friend is absolutely right. We have strong economic ties with Ireland, which is one of our biggest trading partners. Our economies are closely interlinked, and it is therefore in our national interest to ensure that the Irish economy and banking system are stable.

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