Osborne on IMF £10bn loan

No country has ever lost money to the IMF in its 67 year history

– George Osborne MP, Chancellor

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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.