David Cameron has ordered an inquiry into the Libor-fixing scandal. Ed Miliband thinks this isn’t good enough saying ‘I’m not convinced by his way forward because I do not believe it measures up to the scale of what is required’.
He prefers a judge-led inquiry. Like Leveson.
Oh dear.
Or perhaps the Hutton Inquiry.
Everyone accepted the conclusions of that one.
I think.
If Parliament, our democratically elected parliament, cannot hold an inquiry into the bankers, then what are they there for? Isn’t this an opportunity for Parliament to demonstrate in an open inquiry that they have some relevance? Saying Parliament is incapable of conducting such an inquiry heightens public distrust in politicians. It is time for our political class to earn some trust.
If MPs cannot be trusted to investigate bankers, they shouldn’t be in Parliament.
Ed Miliband is wrong.