Same fear that stalled a press inquiry drives Cameron’s hesitation on banking inquiry
Posted on 1 July 2012 | 9:07am
I never fully understood why David Cameron fought so hard to resist an inquiry into the practices of the press. As the Leveson Inquiry has unfolded, the hesitation – finally overwhelmed by the tipping point of Millie Dowler – has become apparent.
He has been similarly resistant to the idea of an inquiry into the role of the banks in the global financial crisis, which – and I speak as a supporter of the Leveson inquiry – has had a bigger impact on most people’s lives and livelihoods than Rupert Murdoch. The scandal of the Libor interest rate rigging is looking like it will lead to the kind of inquiry that should have been held into the financial crisis in the first place. Such an inquiry, which some of us have been pressing for for some time, will no doubt raise difficult questions for politicians of all colours, as has Leveson. But I wonder if Cameron’s hesitation on banking is driven by the same hesitation he had on the press – connections, and his fear that a bright light shone on the bankers will show where his real DNA lies, and who his real friends are.
And please, would at least one Tory have the balls to utter the words ‘we’re all in this together.’