Portrait of the week | 27 November 2010

Britain is to lend Ireland up to £9 billion.

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Britain is to lend Ireland up to £9 billion. ‘Ireland is a friend in need,’ George Osborne, the Chancellor of the Exchequer told the House of Commons, ‘and it is in our national interest that we should be prepared to help them at this difficult time.’ British loans could be made via three routes: bilaterally through the European Union; through an agreement under the European Financial Stabilisation Mechanism; and through the International Monetary Fund. Theresa May, the Home Secretary, said that the number of workers coming from outside the European Union would be capped at 43,000, about 5,600 fewer than last year’s figure; meanwhile figures for foreign students entering Britain last year stood at 362,000. Foreign-born workers now hold 13 per cent of all British jobs, twice the rate in 1997.