Emails between Jeremy Heywood and Paul Tucker reveal concern over Barclays Libor rate

Emails exchanged between Jeremy Heywood, a senior civil servant in the Cabinet Office, and the Bank of England's Executive Director for Markets Paul Tucker have been released to the press.

The emails were released to John Mann, MP for Bassetlaw, after he made a Freedom of Information request for "all copies of emails and transcripts of telephone conversations between Deputy Governor, Paul Tucker and Bob Diamond between 1 October 2008 and the 30 November 2008".

Extract from an email from Jeremy Heywood to Paul Tucker, dated 22 October 2008

Mr Mann has said he intends to warn the Bank of England that it may be in contempt of Parliament because it did not release the documents before Bob Diamond's appointment with the Treasury Select Committee.

In the emails, Mr Heywood raises his concern that Barclays was trading above the Libor rate.

Extract from an email from Jeremy Heywood to Paul Tucker, dated 26 October 2008

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