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Whitehall and markets had concerns about Barclays Libor submissions in 2008

During Paul Tucker's questioning by the Treasury Select Committee, he said that concerns about Barclays' submissions existed at the time he spoke to Mr Diamond in October 2008 not only in Whitehall but also in the markets.

After the launch .co-ordinated international efforts to shore up the markets early in the month, both officials and markets were monitoring Libor and found that - compared to many other participants which had lowered their submissions - "Barclays continued to pay higher rates in the market".