Shadow Chancellor: 'Open, independent banking inquiry is needed'

Shadow Chancellor Ed Balls has told ITV News that an "open, independent full-scale inquiry" was needed after documents produced by Barclays bank today allegedly showed the Bank of England's association with 'senior' Whitehall figures.


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.