Peers reject 'judge-led' banking inquiry

Peers have rejected Labour's plan for a judge-led inquiry into the bank rate-rigging scandal by 251 votes to 197, Government majority 54.

Advertisement

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.