Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government, in regard to page 172 of the Foreign, Commonwealth and Development Office annual report and accounts 2024 to 2025, published on 22 July, for what purposes the £425,000 Gibraltar Guarantee contingent liability may be used.

The UK Government is committed to supporting Gibraltar, its people and its economy. In 2020, the UK Government provided the Government of Gibraltar with a Loan Guarantee of up to £500 million (of which the Government of Gibraltar has drawn down £425 million) with the purpose of supporting Gibraltar's recovery from the Covid-19 pandemic which had severely affected the main pillars of Gibraltar's economy, including financial services, online gaming and tourism.