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MP calls for independent inquiry into torture claims

A senior Conservative MP has said "it is truly shocking" that Britain helped the United States to kidnap and torture British detainees, as he warned that the Government would come to regret its decision not to allow an independent judge-led inquiry to run its course.

Andrew Tyrie said today's confirmation by Cabinet Office minister Ken Clarke that the investigation would instead be handed over to Parliament's controversial Intelligence and Security Committee (ISC) was "a mistake".

It is truly shocking that Britain has facilitated kidnap and torture. And the decision to end, to abandon this judge-led inquiry will, I think, come to be seen as a mistake.

What confidence can the public have in their conclusions when that same body wrongly concluded that Britain was not involved in 2007 only to be flatly contradicted by a High Court written ruling the following year?

Co-op chairman 'slightly short of the facts' on bank

Treasury select committee chairman Andrew Tyrie told BBC2's Newsnight:

We will never know why it was that he seemed, in a sense, slightly short of the odd fact about the bank that he was running.

It is extraordinary that he had no idea at all about the asset base of his own bank after several years as chairman.

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Tyrie calls for Chancellor to look at bank lobbying claims

The chairman of the Treasury Select Committee, Andrew Tyrie, has asked the Chancellor to respond to allegations that banks attempted to influence the body charged with regulating them.

Citing today's briefing by the outgoing Bank of England governor, Mr Tyrie said that "pressure had been brought to bear on the PRA, as a result of calls by the banks to Number 10 and Number 11".

"The Governor said that this should not happen," he said, adding that it is "essential that the Chancellor look into this and gives us reassurance".

Read: Goodbye and good luck, you'll certainly need it - Sir Mervyn King's last appearance before MPs.

Banking inquiry chair: 'Actions of a few have impugned the reputations of many'

Commenting on the proposals for the creation of a Parliamentary Commission on Banking Standards laid before the House of Commons, the head chair of the commission Andrew Tyrie said:

The proposal laid before the House of Commons today to create a Parliamentary Commission on Banking Standards has the support of the leaders of all three major parties. This is vital.

The recent scandals demonstrate the need for higher standards in banking.

The perpetrators of wrongdoing should be held fully accountable for their actions.

It is the fact that so many appear to have got off scot-free that really sticks in the gullet of the electorate.

The actions of a few have impugned the reputations of many.

Hundreds of thousands of people in financial services work hard, honestly and for the benefit of their customers. They deserve better too.

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