The news that Chancellor George Osborne has committed a further £10bn to the International Monetary Fund's bailout war chest may not be unexpected - but it's still causing distress among Conservative backbenchers. Many feel it is unreasonable to ask British taxpayers for the money in times of austerity and fear the cash will be used to prop up the Euro (something the Government denies).
George Osborne last night came under intense pressure to contribute to the International Monetary Fund’s bailout fund for Europe amid increasing fears it will fall far short of its $500billion (£310billion) target. The IMF’s French ... Read Post
Britain is to commit a further £10bn to the International Monetary Fund's bailout war chest. George Osborne has confirmed the UK will give the extra cash in the face of fresh fears about a new economic and financial crisis in Europe... Read Post