Monday 10 April 2017 / 7:39 AM 2017 Press Archive / The Latest from Labour

This is an extremely serious revelation that contradicts past assurances about the role of the Bank of England in the Libor scandal – McDonnell

John
McDonnell MP, Labour’s Shadow Chancellor
, responding to reports
that the Bank of England was involved in the Libor rigging, said:

“This is
an extremely serious revelation that contradicts past assurances about the role
of the Bank of England in the Libor scandal. 

"It goes
to the very heart of whether our financial institutions can be
trusted. Therefore, it warrants an immediate high level investigation, and
the Chancellor must act straight away to ensure this happens.”