Former Chancellor: Manipulation of Libor rates 'indefensible'

Alistair Darling Credit: Reuters/Toby Melville

Former Chancellor Alistair Darling told Channel 4 News tonight that it would have been "indefensible" for anyone in his Department to call for the manipulation of Libor rates.


Deep division over bank inquiry

Labour leader Ed Miliband has stepped up demands for a full judicial inquiry into the banking scandal, warning the public is in no mood for an "establishment cover-up". The Government wants a rapid, cross-party inquiry by MPs and peers.