Libor scandal: Osborne and Balls clash over banks inquiry

The pair clashed after Mr Osborne accused the shadow chancellor of being involved in the Libor rate-rigging scandal.

Mr Balls denied any involvement and claimed Mr Osborne’s “cheap and partisan” conduct “demeans the office he holds”.

MPs will vote on whether to back Labour’s call for a full, judge-led independent inquiry into the culture of banking or support the Government’s preferred option of a parliamentary investigation.

In heated opening exchanges, with deputy Commons speaker Nigel Evans battling to maintain order, the shadow chancellor said Mr Osborne’s actions illustrated the need for an independent investigation.

View More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s