Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’

Amidst reports this morning linking him to the Libor scandal, Ed Balls today said he is “very happy” to appear before a full banking inquiry.

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Amidst reports this morning linking him to the Libor scandal, Ed Balls today said he is “very happy” to appear before a full banking inquiry, attacking the “false allegations” levelled against him. He also said he “can’t understand” why ministers are “so worried” about the prospect of an inquiry.

Ed-Balls-BBC-NewsAsked if we was “nervous” about what disgraced former Barclays chief Bob Diamond may reveal to Parliament this afternoon, he told BBC News:

Not at all. I am obviously keen to understand exactly what has happened and I think we will need to hear from Mr Tucker, the deputy Governor, to the Treasury Committee as soon as possible to understand exactly what has happened here, but for my part no not at all.”

Adding of whether there were any calls from the Treasury to the Bank of England to tell Barclays they should alter the Libor rate:

“I have no idea because at the time I wasn’t in the Treasury. What I can say to you categorically, because there have been some false allegations made about this overnight, for political reasons as always, that at no point did I have any conversation with Mr Tucker at all at any time when I was a Treasury minister, a Treasury adviser, or subsequently to that when I was a Cabinet minister.

“And I had no conversation with anybody about the Libor market during any of those periods and at no point in any of the time when I was a Minister or an adviser were concerns raised about the Libor market from the FSA, the Bank or the Treasury to me. So the allegations which are made and have been repeated, at least on one occasion on the BBC, are entirely false, without foundation.”

Adding:

“I’m afraid it is the nature of politics that you deal with these things, but the idea that I have an issue on this or that I should be nervous this afternoon is completely false and untrue and I am very happy to say that categorically to you and would be very happy to say that categorically to an inquiry.

The thing which I can’t understand is why government ministers are now so worried about having a full independent and judicially-led inquiry to answer these matters.”

 


See also:

Once again, hypocritical, deregulation-loving Osborne attacks Labour over bank regulation 3 Jul 2012

Arrogant Osborne still refusing full banking inquiry – even as Diamond resigns 3 Jul 2012

Miliband redirects Barclays rage to Cameron over PM’s inaction 30 Jun 2012

After the Barclays Libor scandal, how long must we wait for a public inquiry? 29 Jun 2012

George “regulation was too burdensome” Osborne attacks Labour for being too lax 28 Jun 2012


 

Elsewhere, there are reports the government is considering offering ground on the scope and scale of any inquiry – though it is still adamant it will be a Parlaimentary inquiry and not a judicial one.

The Libor scandal is sure to dominate Prime Minister’s Questions, starting shortly, with Bob Diamond’s appearance before the Treasury select committee scheduled for 2:15. We will have more on all today’s developments later today on Left Foot Forward.

 


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38 Responses to “Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’”

  1. Political Planet

    Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’: Amidst reports this mo… http://t.co/hUQhsLJL

  2. GMB Milton Keynes

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  3. NewsatLeft

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  4. NewsatLeft

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  5. Michael

    Ed Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’ I Shamik Das – http://t.co/tTEF3kcC

  6. Lee Hyde

    Ed Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’ I Shamik Das – http://t.co/tTEF3kcC

  7. Mabel Horrocks

    Ed Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’ I Shamik Das – http://t.co/tTEF3kcC

  8. uriel emil

    Ed Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’ I Shamik Das – http://t.co/tTEF3kcC

  9. Katherine Smith

    Ed Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’ I Shamik Das – http://t.co/tTEF3kcC

  10. leftlinks

    Left Foot Forward – Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so… http://t.co/73tTZhSC

  11. Serf of Britain

    Left Foot Forward – Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so… http://t.co/73tTZhSC

  12. John COYB Syme

    Ed Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’ I Shamik Das – http://t.co/tTEF3kcC

  13. Will 'Prosapia' Slater

    This is why there should be a Judge led inquiry. So we can rat those who did wrong out. I hope Balls is telling the truth. But there is only one way to be certain

  14. Andrew Crory

    .@EdBallsMP: 'I'd be very happy to appear at an inquiry… Why are ministers so worried by one?': http://t.co/Gb0RJ3lL by @ShamikDas

  15. Miliband attacks "slow to act, bankrolled by the banks" Cameron at PMQs | Left Foot Forward

    […] See also: • Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’ 4 Jul […]

  16. bernardmceldown

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  17. Kathryn Rose

    .@EdBallsMP: 'I'd be very happy to appear at an inquiry… Why are ministers so worried by one?': http://t.co/Gb0RJ3lL by @ShamikDas

  18. Luqman Onikosi

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  19. liane gomersall

    Ed Balls: 'I'd be very happy to appear at an inquiry… Why are ministers so worried by one?' | Left Foot Forward http://t.co/4NyKul2U

  20. Daniel herd

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  21. fljf

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  22. Ben Mosley

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  23. post cromwell

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  24. Ian Alex Blease

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  25. @GrannyWils

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  26. KrustyAllslopp

    Game, Set & Match Ed Balls > http://t.co/yCyVfz10 stick THAT up your nose Gideon > via "Qwertboi" http://t.co/2e2ys2SB @commentisfree

  27. SJP

    Game, Set & Match Ed Balls > http://t.co/yCyVfz10 stick THAT up your nose Gideon > via "Qwertboi" http://t.co/2e2ys2SB @commentisfree

  28. lewis wilde

    Game, Set & Match Ed Balls > http://t.co/yCyVfz10 stick THAT up your nose Gideon > via "Qwertboi" http://t.co/2e2ys2SB @commentisfree

  29. Katherine Smith

    Game, Set & Match Ed Balls > http://t.co/yCyVfz10 stick THAT up your nose Gideon > via "Qwertboi" http://t.co/2e2ys2SB @commentisfree

  30. not1fish

    Game, Set & Match Ed Balls > http://t.co/yCyVfz10 stick THAT up your nose Gideon > via "Qwertboi" http://t.co/2e2ys2SB @commentisfree

  31. Coz H

    Game, Set & Match Ed Balls > http://t.co/yCyVfz10 stick THAT up your nose Gideon > via "Qwertboi" http://t.co/2e2ys2SB @commentisfree

  32. Rachel Megan Barker

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  33. TonyCross

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  34. Let Me Properties

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  35. Adrianne Seb-Scott

    RT @leftfootfwd: @EdBallsMP: I'd be v happy to appear at an inquiry… Why are ministers so worried by one? http://t.co/pkhcyXsB

  36. Tory MP: Osborne has "obviously made a mistake" and "he should apologise to Balls" | Left Foot Forward

    […] Balls: ‘I’d be very happy to appear at an inquiry… Why are ministers so worried by one?’ 4 Jul […]

  37. Uglyfatbloke

    Balls? Truth? Pigs in flight?

  38. Sasha

    Corrections: Second paragraph, ‘Asked if we was “nervous”‘ should be ‘Asked if he was “nervous”‘.

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