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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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Chancellor George Osborne defends Budget

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.

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