Is the banking inquiry now a "total joke"?

Inquiry criticised after outspoken MPs are left off its membership.

The parliamentary inquiry into banking hasn't even begun but it's already being dismissed as a "whitewash". The reason? The two most combative MPs on the Treasury select committee, Labour MP John Mann and Conservative MP Andrea Leadsom, have been left off its membership.

Mann has already responded on Twitter, angrily denouncing the commission as a "total joke" and vowing to set up his own inquiry into the rate-rigging scandal. Here's his statement:

Both Andrea and I were available for the Inquiry and because we are too outspoken we have been blocked

This exposes the Inquiry as a total whitewash with Andrew Tyrie reaching his conclusions in advance of the meetings.

We need to get to the bottom of this scandal and I’m therefore setting up my own inquiry into this dreadful mess.

It was Mann who said of Bob Diamond at last week's hearing: "Either you were complicit in what was going on, or you were grossly negligent, or you were grossly incompetent. That is the only conclusion".

We haven't heard from Leadsom yet, but her 25-year career in the banking sector, including 10 years at Barclays, was widely thought to have made her the most effective inquisitor. In addition, she demonstrated her independent-mindedness earlier this week with her call for George Osborne to apologise to Ed Balls for suggesting that he had "questions to answer" over the Libor scandal. (A fact that some are suggesting may lie behind her absence.)

Those who have made the cut, other than inquiry chair Andrew Tyrie, are Conservative MP Mark Garnier, Labour MPs Pat McFadden and Andy Love, and Lib Dem MP John Thurso, all of whom were reportedly selected on the advice of their parties. They may yet prove an effective line-up (and QCs will question witnesses on the inquiry's behalf) but given their "useless" performance against Diamond (in the words of Leadsom) they begin from a position of weakness. The hand of those who argue that only a judge-led inquiry will do has been considerably strengthened by the exclusion of Leadsom and Mann.

The Canary Wharf headquarters of Barclays Bank. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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Our union backed Brexit, but that doesn't mean scrapping freedom of movement

We can only improve the lives of our members, like those planning stike action at McDonalds, through solidarity.

The campaign to defend and extend free movement – highlighted by the launch of the Labour Campaign for Free Movement this month – is being seen in some circles as a back door strategy to re-run the EU referendum. If that was truly the case, then I don't think Unions like mine (the BFAWU) would be involved, especially as we campaigned to leave the EU ourselves.

In stark contrast to the rhetoric used by many sections of the Leave campaign, our argument wasn’t driven by fear and paranoia about migrant workers. A good number of the BFAWU’s membership is made up of workers not just from the EU, but from all corners of the world. They make a positive contribution to the industry that we represent. These people make a far larger and important contribution to our society and our communities than the wealthy Brexiteers, who sought to do nothing other than de-humanise them, cheered along by a rabid, right-wing press. 

Those who are calling for end to freedom of movement fail to realise that it’s people, rather than land and borders that makes the world we live in. Division works only in the interest of those that want to hold power, control, influence and wealth. Unfortunately, despite a rich history in terms of where division leads us, a good chunk of the UK population still falls for it. We believe that those who live and work here or in other countries should have their skills recognised and enjoy the same rights as those born in that country, including the democratic right to vote. 

Workers born outside of the UK contribute more than £328 million to the UK economy every day. Our NHS depends on their labour in order to keep it running; the leisure and hospitality industries depend on them in order to function; the food industry (including farming to a degree) is often propped up by their work.

The real architects of our misery and hardship reside in Westminster. It is they who introduced legislation designed to allow bosses to act with impunity and pay poverty wages. The only way we can really improve our lives is not as some would have you believe, by blaming other poor workers from other countries, it is through standing together in solidarity. By organising and combining that we become stronger as our fabulous members are showing through their decision to ballot for strike action in McDonalds.

Our members in McDonalds are both born in the UK and outside the UK, and where the bosses have separated groups of workers by pitting certain nationalities against each other, the workers organised have stood together and fought to win change for all, even organising themed social events to welcome each other in the face of the bosses ‘attempts to create divisions in the workplace.

Our union has held the long term view that we should have a planned economy with an ability to own and control the means of production. Our members saw the EU as a gravy train, working in the interests of wealthy elites and industrial scale tax avoidance. They felt that leaving the EU would give the UK the best opportunity to renationalise our key industries and begin a programme of manufacturing on a scale that would allow us to be self-sufficient and independent while enjoying solid trading relationships with other countries. Obviously, a key component in terms of facilitating this is continued freedom of movement.

Many of our members come from communities that voted to leave the EU. They are a reflection of real life that the movers and shakers in both the Leave and Remain campaigns took for granted. We weren’t surprised by the outcome of the EU referendum; after decades of politicians heaping blame on the EU for everything from the shape of fruit to personal hardship, what else could we possibly expect? However, we cannot allow migrant labour to remain as a political football to give succour to the prejudices of the uninformed. Given the same rights and freedoms as UK citizens, foreign workers have the ability to ensure that the UK actually makes a success of Brexit, one that benefits the many, rather than the few.

Ian Hodon is President of the Bakers and Allied Food Workers Union and founding signatory of the Labour Campaign for Free Movement.