David Cameron has left open the door to Britain giving billions of pounds of new support to the IMF – and indirectly to ailing members of the eurozone – in a move likely to infuriate eurosceptic MPs in his own Conservative party, reports the FT. The prime minister’s move would be welcomed by France and Germany but would be subject to a fraught parliamentary vote in the UK. Britain is already under pressure from eurozone countries to increase its IMF commitments by about €30bn as part of a European package of new resources. Mr Cameron’s team stress that no decision has been taken to increase Britain’s contributions beyond the £10bn approved by MPs in that vote last July, but the newspaper cites unnamed insiders saying that the situation could change if Japan and other big economies such as China and Brazil agreed to increase their support for the IMF’s eurozone assistance.

This entry was posted by Kate Mackenzie on Monday, January 9th, 2012 at 4:58 and is featured in The 6am Cut London (9 Jan 2012), The Lunch Wrap (9 Jan 2012) . Tagged with david cameron, IMF, International Monetary Fund. Edit this entry.