Quote:
Britain is to commit a further £10bn to the International Monetary Fund's bailout war chest.
George Osborne has confirmed the UK will give the extra cash in the face of fresh fears about a new economic and financial crisis in Europe.
Although the loan is sizeable, the Chancellor will not have to seek Parliamentary approval because it narrowly falls within the headroom he already has to provide to the Fund.
It means that Britain's exposure to the IMF, which is deeply involved with the euro bail-outs, will rise from just under £30bn currently to around £40bn.
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http://news.sky.com/home/business/article/16212857
I thought we where skint .Should we be exposing ourselves further to other countries debt and risking what little financial stability we have on other countries defaulting on the loans that we have given out