Libor rate fixing scandal: ex-Labour adviser threatened BBC libel action

The fallout from George Osborne‘s attempt to link ex-Labour ministers to the Libor-rigging scandal continues, with Baroness Shriti Vadera securing a retraction from the BBC after the claims were repeated on last week’s Question Time.

Labour’s former City envoy instructed lawyers to pursue libel complaints against broadcasters and newspapers after a since-retracted comment by the columnist Dominic Lawson on Question Time on 5 July.

Lawson, who appeared on the show alongside Tory MP Louise Mensch and former Sex Pistols frontman John Lydon, claimed that Osborne had said Vadera and former Labour government ministers pressured Barclays to push down its Libor rate so the bank would appear more solvent than it actually was.

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