A senior Conservative MP has said "it is truly shocking" that Britain helped the United States to kidnap and torture British detainees, as he warned that the Government would come to regret its decision not to allow an independent judge-led inquiry to run its course.
Andrew Tyrie said today's confirmation by Cabinet Office minister Ken Clarke that the investigation would instead be handed over to Parliament's controversial Intelligence and Security Committee (ISC) was "a mistake".
Treasury select committee chairman Andrew Tyrie told BBC2's Newsnight:
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".
Commenting on the proposals for the creation of a Parliamentary Commission on Banking Standards laid before the House of Commons, the head chair of the commission Andrew Tyrie said: