- 22 updates
Russia has said it will consider contributing more than $10 billion (£6.2bn) to bolster the IMF's bailout fund, Reuters reports
The Chancellor George Osborne has admitted that mistakes were made with the presentation of his widely criticised Budget. But he has insisted that the policies are right and the right decision for the country.
His comments come amid new criticism of him for agreeing to loan the International Monetary Fund another £10 billion for its bailout fund.
US Treasury Secretary Timothy Geithner has welcomed pledges by some International Monetary Fund (IMF) members to add to its resources, according to Reuters.
He said the IMF has substantial capacity to deal with any European crisis spillover.
News Corporation chairman Rupert Murdoch has called the Government's decision to pledge £10 billion to the International Monetary Fund, "mad".
Conservative MP Douglas Carswell has criticised the Government's decision to pledge an extra £10bn to the IMF, writing on his blog the backbencher called the decision "madness" and "IMF bailout bull".
Latest ITV News reports
George Osborne faced fury from Tory backbenchers after he announced Britain is to commit just under £10 billion to the IMF.