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Cooper to target dishonest bankers

Shadow Home Secretary Yvette Cooper will pledge to introduce an Economic Crime Act to ensure those guilty of financial wrongdoing - such as the bankers involved in the Libor rate-rigging scandal - face criminal prosecution.

Ms Cooper will hit out at the "double standards" of ordinary voters facing court over unpaid TV licenses while people who defraud millions got off "scot free", in her keynote speech at the Labour Party conference.

A review by financial watchdog chief Martin Wheatley last week put forward reforms that would see dishonest bankers face criminal prosecution in a bid to prevent a repeat of the "shocking behaviour" over Libor.