INDEPENDENT PUBLIC INQUIRY INTO BANKS

Early day motion 302, tabled 2 July 2012 by John McDonnell (Labour). Signed by 42 members.

That this House supports the petition launched by Ann Pettifor that calls for an independent, judicial public inquiry into fraud, wrongdoing and ethics of British banks, their management and their staff and the role of the British Bankers Association, whose terms of reference should also include the manipulation of interest rates on about 225 trillion of assets, with the inquiry having full powers to compel witnesses to appear on oath, and to obtain all forms of evidence; and urges the Government to accept the popular demand for a full independent public inquiry.

Signatures by party: Labour 30, Plaid Cymru 3, Social Democratic and Labour Party 3, DUP 2, Green 1, Independent 1, Respect 1, Scottish National Party 1.