30/06/2012 BBC Weekend News

Good afternoon. The Government of the has ordered a

review into the fixing of dv of interbank interest rates. It

follows Barclays being fined almost �300 million, the Labour leader, Ed

Miliband, has called for a full inquiry into the industry.

Here is our Political Correspondent Peter Henley.

The banks contribute more than 10% of all the money raised in taxes,

but if you are a banker in Britain this week, you probably kept quiet

about it. While not convinced about the need for a costly Leveson-style

inquiry, the ministers have decided that there is a need to call those

responsible to account. Next week, they say, they will start an

independent review of the way that interbank lending was rigged, with

a view to introducing criminal sanctions in future it is looking

at toughening up banking qualifications and licences. It is

the sort of determination demanded by backbenchers from all parties.

It is in order to restore confidence into the system. We we

lose confidence, like in Parliament, the media is having a difficult

time at the moment, we cannot afford for confidence in financial

services arched banking to be thoroughly undermined.

For Labour it does not go far enough, Ed Miliband says that there

has not been proper reckoning for what happened in the banking crisis.

The bankers said it was all fine, but that does not hold water

anymore. And the focus is on the Barclays'

chief executive, Bob Diamond, and what senior executives knew of the

way that his bank fixed key interest rate data. MPs could

question him on that as soon as this coming week.

The Foreign Secretary, William Hague, has said it remains

difficult to find agreement with Russia and China on how to stop the

violence in Syria. He is attending a conference in Geneva to salvage a

peace plan for the country. The UN Syria peace plan is in trouble.

The meeting here is an attempt to rescue it and save Syria from all-

out Civil War. The United States says that there

will be no peace while Bashar al- Assad is in power. Russia continues

to back him. A draft agreement put forward by Kofi Annan says that a

transitional government should not include a figure that could

jeopardise stability and reconciliation. The British Foreign

Secretary, for one, did not seem optimistic that Russia would agree

to that. Clearly Russia and China have a

different view about that. That is the source of these many

difficulties that we have in negotiating with Russia and China,

but if we can agree on a transitional process, as Kofi Annan

has put forward, that would be an important step.

There is supposed to be a UN ceasefire in Syria, but it has

never taken hold. The opposition says that this week saw some of the

bloodiest days since the uprising began. Russia does not want

anything that looks like Western imposed regime-change in Syria.

Bashar al-Assad shows no sign of going, and the Syrian opposition

will not join a transitional government of which he is apart.

The talks here are an attempt to break the deadlock and every day it

continues, the violence in Syria worsenings.

-- worsens. Egypt's first democratically

elected President, Mohammed Morsi is being sworn in at the

constitutional court in Cairo. Mohammed Morsi is from the Muslim

Brotherhood, the first without a military background. He read the

oath wfr the -- before the supreme constitutional court.

Heavy floods have affected railway lines in Scotland damaged by storms.

More than 200 events are taking place across Britain to mark the

seventh Armed Forces Day. Plymouth has been chosen to host the main

national celebrations. There will be a march by veterans across Tower

Bridge in London and parades and fly-pasts in many other towns and

cities. This morning Corporal Johnson

Beharry, awarded the Victoria Cross in 2005, carried the Olympic torch

through the National Memorial Arboretum in Staffordshire.

He's one of only six living recipients of the medal, he was

given it for saving members of his unit in Iraq.

Armed Forces Day has introduced as a way of encouraging support for

service personnel and their families. It is a message

appreciated by the troops serving in Helmand province in Afghanistan.

General Sir David Richards flou into Helmand province to say thank

you in person to the men and the women serving here in

satisfactorying summer heat. The overriding message is a very,

very big thank you. Every time I come here I find that things have

gotten better. The levels of commitment are higher than they

were and the people in Britain are using it as an opportunity to thank

their troops for what they do. I would like to say that it is an

opportunity for the armed forces to say a big thank you to those that

support us so well too. The bazaars and Nad Ali, Private

Harry Turner is just 18, one of the youngest soldiers here. He finished

training in March, he is now on a six-month tour.

My mum was shocked. She thought I would be here two weeks, but mum

and dad are support i. British Forces have been in Helmand

province for seven years. They point to places like this in Nad