But ING said most of the exposure was secured and it did not intend to set aside any extra money to cover bad debts.

BBC: Foreign firms weigh Argentina fall-out

The pair said they intend to use the money to set up a cattery and boarding facilities for animals.

BBC: Oswestry couple scoop ?1m in new year lottery

Some time soon the two Eds - Miliband and Balls - will have to set out what spending they intend to cut if they are to win trust on the economy.

BBC: What to expect in 2013?