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The Prime Minister was asked whether he will call on the Chancellor George Osborne to apologise for allegations he was seen to have made against the Shadow Chancellor Ed Balls over the Libor rate-rigging affair.
He replied that Mr Osborne had said that Mr Balls "had some questions to answer". He continued: "I'm not sure there's anyone in this house who doesn't thing the Shadow Chancellor has some questions to answer".
The Treasury Select Committee has called two witnesses to give evidence on the Libor rate-rigging scandal on Monday:
- Jerry del Missier - former chief operating officer at Barclays
- Andrew Bailey - head of the Prudential Business Unit, FinancialServices Authority
- Lord Turner - Executive Chairman, FinancialServices Authority
The former Barclays boss Bob Diamond has written a letter to the Treasury Select Committee chairman Andrew Tyrie over claims he misled MPs about regulators' concerns in April over the bank's behaviour.
Former Barclays chief executive Bob Diamond's letter to Treasury Select Committee chairman Andrew Tyrie.
He appeared before the committee last week, the day after quitting his post in the wake of the rate-rigging scandal.
Sky News is reporting that former Barclays chief executive Bob Diamond has sent a letter to Treasury Select Committee chairman stating that he was "dismayed" at members of the committee suggesting he was "less candid" after appearing before them last week over the rate-rigging scandal.
The United States' Senate Banking Committee Chairman Tim Johnson has expressed his concerns over the manipulation of Libor rates, following the Barclays bank rate-rigging scandal.
In a letter sent by FSA chairman Adair Turner to Barclays chairman Marcus Agius on April 10th 2012, the FSA accused the bank of being too 'aggressive'.
"The purpose of my meeting with you was therefore not to focus on any one specific issue which requires remedial action. Rather I wished to bring to your attention our concerns about the cumulative impression created by a pattern of behaviour over the last few years.
"In which Barclays often seems to be seeking to gain advantage through the use of complex structures, or through arguing for regulatory approaches which are at the aggressive end of interpretation of the relevant rules and regulations."
Business Secretary Vince Cable has said former Barclays chief executive Bob Diamond's £1.5m to £2m pay-off is a "vast sum of money".
The Shadow Business Secretary Chuka Umunna has told ITV News that the Chancellor George Osborne made a "series on unsubstantiated allegations" against Ed Balls and others.
A number of Labour politicians have said that Mr Osborne should apologise following comments he made about Ed Balls' involvement in the Libor rate-rigging scandal.
Latest ITV News reports
Bob Diamond tonight angrily rejected suggestions that he misled MPs over regulators' concerns about activities at Barclays.
The Bank of England's Paul Tucker told MPs he refuted claims that he attempted to influence Barclays into manipulating the Libor rate.