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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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Osborne defends IMF bailout fund

George Osborne has defended his decision to release the full £10 billion that he had to the IMF.

It's in Britain's interest that we have a stable and strong world economy, that creates jobs in Britain.

It's because we've dealt with the debt crisis that Britain can be a part of the solution ...rather than a part of the problem.

– George Osborne

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