UK Treasury Financial Secretary Mark Hoban held talks with Northern Ireland Secretary Owen Paterson today on the loan Britain has offered to help bailout the Republic.

Mr Hoban was to hold a series of meetings with Stormont political leaders in Northern Ireland to brief them on the implications of any British loan to the Irish Government.

The meetings come against a background of concerns over the impact that financial turmoil in the southern economy is likely to have north of the border.

Mr Hoban was to brief Northern Ireland’s First Minister Peter Robinson and Deputy First Minister Martin McGuinness.

He was also to hold discussions with DUP Finance Minister Sammy Wilson and his party colleague Enterprise Minister Arlene Foster.

Earlier this week Ms Foster called for conditions to be attached to any loan to ensure a consolidation of the Republic's banking sector does not cause further financial sector job losses in Northern Ireland.