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).
No-one has ever lost money lending to the International Monetary Fund, George Osborne, the UK Chancellor, says in agreeing to cough up another £10bn for eurozone bailouts. This is perfectly true, but as I have written before, there ... 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