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MPs call for LIBOR inquiry over potential 'misleading' of parliament

MPs have asked the Treasury Select Committee for an inquiry into whether parliament was misled by Bank of England representatives on LIBOR rigging.

State agencies coerced Libor traders into perjury, claims senior Tory MP

Leaked telephone recordings and emails set to be published in BBC journalist Andy Verity’s new book imply Libor traders who went to jail may have suffered a miscarriage of justice.

Transcripts for BBCNEWS BBC News 20240604 10:24:00

and we knew that in advance, egypt, the un, others who are traditional mediators between israel and the militant groups in gaza were trying to act pre emptively to stop this from getting out of control, from any kind of escalation. and trying to preserve the shaky truce that exists in gaza. yolande knell reporting. let s return now to the chancellor, jeremy hunt who has been outlining the government s plan for long term economic growth. delivered under a backdrop of gloomy forecasts, mr hunt used his first major speech in the post to say he wants the country to be one of the most prosperous in europe. but he said it would require patience and discipline, let s talk to our economics correspondent andrew verity. he spoke about optimism. he said he didn t like the declinism and pessimism of some people about the uk s prospects. but he acknowledged

Transcripts for BBCNEWS BBC News 20240604 10:29:00

much, andy verity. this week has seen a significant increase in western military support to ukraine with the approval of the supply of more battle tanks. but ukrainians have also been digesting new allegations of corruption levelled against some government ministers. it s led to president zelensky removing a group of ministers and officials in the biggest reshuffle since the conflict started. our ukraine correspondent james waterhouse reports on what s been described as kyiv s other enemy : corruption. the fresh beginnings of 2019 and a promise by ukraine s new president to finally deal with corruption. translation: my election has proved that citizens are tired of experienced politicians who over the past 28 years created a country of opportunities opportunities to steal, bribe and loot. yet in 2023, ukrainian politics is once again riddled with those exact allegations. ukraine s leader has overseen around a dozen resignations or sackings this week.

Transcripts for BBCNEWS BBC News 20240604 17:24:00

the chancellor said it was vital to take action to lower inflation. here s our economics correspondent andrew verity. in pudsey in west yorkshire, clive turner works in customer service for a large supermarket chain, earning around £20,000 a year. together with his girlfriend, on a similarly modest income, he is already struggling, like millions of families, to cover energy bills which have doubled, and now, his five year fixed rate mortgage is due to expire. every time he hears about an interest rate hike on the news, he winces. it s absolutely mega stressful. because i m trying to work, but then you re looking at the news, it s, like, interest rates, you know, going up, inflation coming up, it s, like, what can i do? withjust over 100,000 left on his mortgage, his interest rate is going tojump from 3.a8% to 5.76%. we re now going onto mortgage which is basically about 750,

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