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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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Tory MP calls Government's IMF £10bn pledge 'madness'

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".

When you look at the Tory backbench opinion, of course some people have been critical and they have been critical all along, but actually quite a lot of Conservative backbenchers have come out and said this is the necessary and right thing.

I think there is a broad body of Conservative opinion that understands we are doing the right thing."

– George Osborne talking to BBC Radio 4's Today programme

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