David Morris
Main Page: David Morris (Conservative - Morecambe and Lunesdale)Department Debates - View all David Morris's debates with the HM Treasury
(14 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
We will set out the terms and conditions and the exchange rate of the bilateral loan when we agree them over the next couple of weeks, and I will bring that information to the House of Commons.
David Morris (Morecambe and Lunesdale) (Con)
I congratulate the Chancellor on doing the right thing in this instance—[Interruption.] He did the right thing. Also, as a result of the fact that we have managed the economy better over the past six months, we are in a position to lend to Ireland. The Conservatives’ insistence on not joining the euro in the first place has saved us from an even bigger bail-out package than we are having to contemplate now.
Mr Osborne
As my hon. Friend says, we are now part of the solution rather than being part of the problem.