Penny Mordaunt
Main Page: Penny Mordaunt (Conservative - Portsmouth North)Department Debates - View all Penny Mordaunt's debates with the HM Treasury
(12 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
I can be very clear that the British Government would not allow the loan we are talking about—the loan from Britain—to be used for the eurozone bail-out fund. It is for specific countries, not currencies, as set out in the communiqué.
Penny Mordaunt (Portsmouth North) (Con)
What my constituents want to know is whether their money will be safe. Is the Chancellor aware of any instance of a country that has lent money to the IMF not being repaid in full?
Mr Osborne
No, there are no such instances. Every single country that has lent money to the IMF has got its money back.