UK faces request for £19bn as IMF boosts bailout fund to $1tn

http://www.guardian.co.uk

UK faces request for £19bn as IMF boosts bailout fund to $1tn

Government officials say UK will demand more reform in eurozone before increasing contribution to IMFThe government has said it will demand improvements in European Union efforts to sort out its currency before it can agree to an imminent request from the International Monetary Fund for extra UK funds that is likely to reach as high as £19bn. The Commons has already given the Treasury leeway to draw down an extra £10bn to give to the IMF, but anything further would require a fresh vote in the Commons – and be likely to prompt a backbench Tory rebellion.