UK pledges extra £10bn to IMF

The Chancellor George Osborne has pledged a further £10 billion to the International Monetary Fund's bailout package.

It won't require approval from MPs as he has only committed around £30 billion of the £40 billion loan approved by Parliament.

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Murdoch: Government 'mad' for pledging £10bn to IMF

News Corporation chairman Rupert Murdoch has called the Government's decision to pledge £10 billion to the International Monetary Fund, "mad".

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