"Speaking in the House of Commons, the Chancellor did not deny claims that he and Number 10 lobbied the Bank of England's Prudential Regulation Authority "at the behest of the banks". The allegations were made by Sir Mervyn, the outgoing governor of the Bank of England, in his last appearance before MPs on the Treasury select committee this morning."
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George Osborne accused of lobbying on behalf of banks for weaker regulation
www.telegraph.co.uk
George Osborne has defended anyone's right to lobby for lighter regulation, after Sir Mervyn King accused Downing Street of applying political pressure on behalf of the banks.