David Cameron and Ed Milliband
Media playback is unsupported on your device
Video

Cameron and Miliband clash over banks inquiry

David Cameron and Ed Miliband have clashed in the Commons over the terms of an inquiry into the interest rate-rigging scandal surrounding Barclays.

The prime minister said a single parliamentary inquiry into the "appalling" events would be the most "swift and decisive" course of action.

But Labour's leader said this was "too narrow" and a much wider judicial probe into the culture of banking was needed.

Former Barclays boss Bob Diamond has been questioned by MPs.

Nick Robinson reports.

  • 04 Jul 2012
Go to next video: Diamond 'sickened' by staff emails