Chancellor: 'The Uk Can Afford Irish Bail-Out' ; the World in Brief

Summary


THE UK can afford a multi-billion bail-out of the Irish economy, Chancellor George Osborne insisted as he sought to ease Tory backbench concerns over the move.

Mr Osborne has signalled the British contribution to an international bail-out package for Dublin is likely to be around Pounds 7 billion. MPs will have a vote on a bi-lateral loan to be offered alongside a wider deal being drawn up by the European Union and the International Monetary Fund, he confirmed.

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Chancellor: 'The Uk Can Afford Irish Bail-Out' ; the World in Brief

But the UK...

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