Tyrie calls for Chancellor to look at bank lobbying claims

The chairman of the Treasury Select Committee, Andrew Tyrie, has asked the Chancellor to respond to allegations that banks attempted to influence the body charged with regulating them.

Citing today's briefing by the outgoing Bank of England governor, Mr Tyrie said that "pressure had been brought to bear on the PRA, as a result of calls by the banks to Number 10 and Number 11".

"The Governor said that this should not happen," he said, adding that it is "essential that the Chancellor look into this and gives us reassurance".

Read: Goodbye and good luck, you'll certainly need it - Sir Mervyn King's last appearance before MPs.

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