View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
November 22, 2010

Guardian: UK to assist in Irish bailout

By Spear's

George Osborne confirmed this morning that Britain would provide around £7bn to support Ireland as part of the international rescue package requested last night.

George Osborne confirmed this morning that Britain would provide around £7bn to support Ireland as part of the international rescue package requested last night.

His comments came as a British thinktank said UK taxpayers should not “cough up” £7bn to help bail out the Irish economy, and eurosceptic Conservative MPs also voiced their opposition.

To placate eurosceptic critics, the chancellor insisted that Britain would not be part of a permanent bailout mechanism for eurozone countries.

“What we have committed to do is to obviously be partners as shareholders in the IMF in an international rescue of the Irish economy,” Osborne told BBC Radio 4’s Today programme. “But we have also made a commitment to consider a bilateral loan that reflects the fact we are not part of the euro… but Ireland is our very closest economic neighbour.”

To read the full story, visit guardian.co.uk

Content from our partners
Porto Montenegro: Adriatic Elegance Tailored to You
Family office gold rush in Hong Kong
Top of the league for football fans

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network