Question to the HM Treasury:

To ask Her Majesty’s Government what is their estimate of the level of indebtedness of (1) the government of Greece, and (2) Greek businesses, to the United Kingdom Government and United Kingdom businesses.

The government has secured a deal that protects UK taxpayers from any risk from financing euro area bailouts now and in the future. This deal gives legal force to the commitment secured in 2010 that UK taxpayers would not be drawn into a euro area bailout.

As the Chancellor has stated, private sector exposures to Greek banks and the Greek economy are far lower than they were in 2012.