Ireland's bailout plan a 'bad deal' for UK

The British taxpayer should not “cough up” an estimated £7bn (€8.17bn) to help bail out the Irish economy, a leading think-tank said.

There was also opposition from Tory eurosceptic MPs, as Chancellor George Osborne prepared to spell out the extent of the UK’s obligation through its own loan to Dublin and as part of the EU and international package.