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.

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Tory MPs: 'Labour figures have serious questions to answer' over rate-rigging

Conservative MPs racheted up the pressure on Labour peers today after Barclays' documents revealed that "senior Whitehall figures" were reportedly involved in a banking scandal.

Tories highlighted the reference in the phone call record between Barclays boss Bob Diamond and the Bank of England's deputy chief Paul Tucker. Backbencher Matt Hancock said:

"It is now shockingly clear that senior figures in the Labour Government were involved in the question of what happened to Libor rates. Labour figures have serious questions to answer."

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