Public must be protected says Cable as report into Northern Rock is published

The Treasury select committee will tomorrow highlight a catalogue of errors by the government and regulators in their handling of the Northern Rock crisis in a damning report on the bank's near-collapse. The committee will make a series of recommendations for reform of the UK's system of financial regulation and is also expected to expose the failings of the Northern Rock board and question why it was allowed to stay in place for several months after triggering the first run on a British bank in 140 years. The Liberal Democrats have written to the Chancellor warning of the dangers of the proposed rescue deal for Northern Rock, warning that taxpayers could lose out if the Government does not ensure that guarantees are able to cover any of the bank's losses.

25 Jan 2008
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Animals

Animal Friendly Purchasing Policy

Ex-Freemen Ward Lib Dem Councillor, Carlym Sandringham attended the full council meeting held yesterday to ask for an update on the Animal Friendly Purchasing Policy.

25 Jan 2008
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Hain resigns from the Cabinet after donations scandal is referred to the Police

Peter Hain has resigned as Work and Pensions Secretary and Welsh Secretary after police launched a criminal investigation into his failure to declare donations to his unsuccessful Labour deputy leadership campaign. The Electoral Commission called in Scotland Yard after talks with the CPS following Mr Hain's late declaration of more than £103,000. Earlier this month, Mr Hain admitted to failing to declare 17 donations after a supporter complained a £5,000 donation had not appeared as required by law on the Electoral Commission website.

24 Jan 2008
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Electoral Reform review a huge anti-climax says Clegg

Reform of the way the House of Commons is elected should be delayed until after the House of Lords has been modernised, the government said today. Following the long-awaited publication of the government's review of UK voting systems, the Ministry of Justice said it would be "premature" to reform Westminster elections while debate over the future of the House of Lords is ongoing.

24 Jan 2008
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