Lord Kilclooney – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Kilclooney on 2015-12-22.

To ask Her Majesty’s Government what has been the amount of government loans to the Republic of Ireland during the past decade; of those loans, what capital has been re-paid; and how much interest has been received.

Lord O’Neill of Gatley

I refer the noble Lord to the most recent statutory report which the Treasury provided to Parliament as required by Section 2 of the Loans to Ireland Act 2010. It was published on 15 October 2015 and is available online along with all previous reports submitted.^[1]

This report shows the outstanding principal is £3,226,960,000, with repayments due in tranches from 15 April 2019 until 26 March 2021. An interest payment was made by the Republic of Ireland on 15 December 2015 and therefore the interest payments received now total £273,825,613.71.

^[1] https://www.gov.uk/government/collections/bilateral-loan-to-ireland

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