Phi Wire Hand Picked Politics - Live

  • Mark Ferguson | Sometimes what is unsaid at PMQs is the most important thing of all…

    • source icon
    • 14:16
    • LabourList

  • Emily Ashton | PM finally escapes from chamber after questions from 70 MPs about #G8 - most of ...

    • source icon
    • 14:07
    • Emily Ashton

  • Mark Wallace | Conservative support rises among the young - presenting an opportunity we must s...

    • source icon
    • 13:40
    • ToryDiary

  • Raised with Cameron the need for political settlement in Syria, not fuelling civ...

    • source icon
    • 13:27
    • Jeremy Corbyn

  • BT chief Ian Livingston joins the Government as trade minister

    • source icon
    • 13:21
    • The Independent

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

  • PoliticsHome | Only the latest five entries on the PhiWire are visible to non-subscribers

    • Sign up to see last 24 hours

PoliticsHome. All Todays Politics In One Place

Story Tracker

Select Story:

QC quizzing for banks

QC quizzing for banks
The parliamentary inquiry into the banks will be able to use QCs to examine witnesses, Downing Street has confirmed.

The MPs that will investigate the standards and culture of the UK's banking industry were unveiled this morning, and include chairman Andrew Tyrie, Lib Dem John Thurso, Tory Mark Garnier and two Labour MPs, Andy Love and Pat McFadden.

However there was surprise at the omission of two of the most outspoken members of the Treasury Select Committee, Labour's John Mann and Conservative Andrea Leadsom.

Last week Ms Leadsom hit out at the Chancellor, George Osborne, and called on him to apologise for his suggestion that Ed Balls had been involved in the rigging of the Libor rate.

A Number 10 spokesman denied Ms Leadsom was kept off the Committee because of her comments, and insisted the membership had been "agreed between the parties".

Following the announcement, Mr Mann took to Twitter to label the decision a "total joke", and pledged to set up a rival probe.

"Both Andrea and I were available for the Inquiry, and because we are too outspoken we have been blocked," the Labour MP said.

"This exposes the Inquiry as a total whitewash with Andrew Tyrie reaching his conclusions in advance of the meetings. We need to get to the bottom of this scandal and I'm therefore setting up my own inquiry into this dreadful mess."

The Bank of England will today announce details of a plan to boost high street lending by giving banks conditional access to cheap funds.

Under the proposals the Bank may make up to £80bn available, provided firms increase lending to small businesses by at least 5%.

TUC general secretary-elect Frances O'Grady called for low paid bank branch staff to be included on the remuneration committees that set the pay of top bank executives.

Related News

Green Box: QC quizzing for banksClick to open

+ Expand all - Collapse all

Recommended External Links

Full access for £22 a month...

PoliticsHome PRO Find out more

Related PRO Content

Free Trial

On air

John Cridland: Bank scheme should work this time

13/07/2012 on Breakfast, BBC Radio 5live

Press Release

Labour: John Mann Response to Banking Inquiry Exclusion

13/07/2012

Press Release

Proposals for Parliamentary Commission on Banking Standards laid before House of Commons

13/07/2012

Latest PRO Content

Free Trial

On Air

Summaries and transcripts from TV and radio

Andrea Leadsom: Bank chiefs need to take responsibility

16 minutes ago on Sky News

Chuka Umunna: There was a broad consensus on light-touch regulation

37 minutes ago on The World at One, BBC Radio 4

Lord Lawson: Govt will find it difficult to ignore banking report

48 minutes ago on World at One, BBC Radio 4

See all On Air

Commons Reports

Jeremy Hunt: Morecambe shows we must transform patient care in NHS

46 minutes ago

Transcript

Labour: Unlock Democracy speech - Jon Trickett

17/06/2013

See all Transcripts

Press Releases

Better Together: The SNP's credibility on energy policy is in tatters

1 hour ago

See all Press Releases

Lobby Briefings

No 10: CQC revelations are appalling

1 hour ago

See all Lobby Briefings