Guardian Live - Euro: Reports that UK Coalition PM David Cameron has stated that the UK will not go beyond its agreed spending on the IMF. As the 12.51pm post notes the UK Parliament agreed to 40 billion for the IMF, the UK has already given 30 billion as a commitment, thus that leaves only another 10 billion left. There is pressure form EU for another 30 billion from the UK. The UK Labour Party opposed the last grant, even if PM Cameron wanted to give the money he would never get through the House of Commons, if another 80 Conservative MPs rebelled the motion would be defeated by the Opposition.
Wednesday, December 14, 2011
PM Cameron and the IMF
Guardian Live - Euro: Reports that UK Coalition PM David Cameron has stated that the UK will not go beyond its agreed spending on the IMF. As the 12.51pm post notes the UK Parliament agreed to 40 billion for the IMF, the UK has already given 30 billion as a commitment, thus that leaves only another 10 billion left. There is pressure form EU for another 30 billion from the UK. The UK Labour Party opposed the last grant, even if PM Cameron wanted to give the money he would never get through the House of Commons, if another 80 Conservative MPs rebelled the motion would be defeated by the Opposition.
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