British Council: Loans
(asked on 29th January 2025) - View Source
Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether he has had discussions with the Chancellor of the Exchequer on restructuring the repayment terms for British Council loans owed to the Government.
Answered by
Hamish Falconer
Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)
This question was answered on 3rd February 2025
The Foreign, Commonwealth and Development Office is working closely with the British Council and HM Treasury on this issue.
The loan was made on commercial terms to ensure compliance with the UK subsidy control regime. The Government remains committed to recovering the loan when the British Council's finances allow.