:00:26. > :00:35.Good afternoon. The Government of the has ordered a
:00:35. > :00:41.review into the fixing of dv of interbank interest rates. It
:00:41. > :00:45.follows Barclays being fined almost �300 million, the Labour leader, Ed
:00:45. > :00:51.Miliband, has called for a full inquiry into the industry.
:00:51. > :00:55.Here is our Political Correspondent Peter Henley.
:00:55. > :00:59.The banks contribute more than 10% of all the money raised in taxes,
:00:59. > :01:04.but if you are a banker in Britain this week, you probably kept quiet
:01:04. > :01:08.about it. While not convinced about the need for a costly Leveson-style
:01:08. > :01:12.inquiry, the ministers have decided that there is a need to call those
:01:12. > :01:16.responsible to account. Next week, they say, they will start an
:01:16. > :01:21.independent review of the way that interbank lending was rigged, with
:01:22. > :01:26.a view to introducing criminal sanctions in future it is looking
:01:26. > :01:31.at toughening up banking qualifications and licences. It is
:01:31. > :01:38.the sort of determination demanded by backbenchers from all parties.
:01:38. > :01:42.It is in order to restore confidence into the system. We we
:01:42. > :01:46.lose confidence, like in Parliament, the media is having a difficult
:01:47. > :01:50.time at the moment, we cannot afford for confidence in financial
:01:50. > :01:55.services arched banking to be thoroughly undermined.
:01:55. > :01:58.For Labour it does not go far enough, Ed Miliband says that there
:01:58. > :02:02.has not been proper reckoning for what happened in the banking crisis.
:02:02. > :02:06.The bankers said it was all fine, but that does not hold water
:02:06. > :02:11.anymore. And the focus is on the Barclays'
:02:11. > :02:15.chief executive, Bob Diamond, and what senior executives knew of the
:02:15. > :02:18.way that his bank fixed key interest rate data. MPs could
:02:18. > :02:22.question him on that as soon as this coming week.
:02:22. > :02:27.The Foreign Secretary, William Hague, has said it remains
:02:27. > :02:35.difficult to find agreement with Russia and China on how to stop the
:02:35. > :02:40.violence in Syria. He is attending a conference in Geneva to salvage a
:02:40. > :02:46.peace plan for the country. The UN Syria peace plan is in trouble.
:02:46. > :02:49.The meeting here is an attempt to rescue it and save Syria from all-
:02:49. > :02:52.out Civil War. The United States says that there
:02:52. > :02:58.will be no peace while Bashar al- Assad is in power. Russia continues
:02:58. > :03:02.to back him. A draft agreement put forward by Kofi Annan says that a
:03:02. > :03:04.transitional government should not include a figure that could
:03:04. > :03:09.jeopardise stability and reconciliation. The British Foreign
:03:09. > :03:12.Secretary, for one, did not seem optimistic that Russia would agree
:03:12. > :03:16.to that. Clearly Russia and China have a
:03:16. > :03:19.different view about that. That is the source of these many
:03:19. > :03:24.difficulties that we have in negotiating with Russia and China,
:03:24. > :03:28.but if we can agree on a transitional process, as Kofi Annan
:03:28. > :03:33.has put forward, that would be an important step.
:03:33. > :03:38.There is supposed to be a UN ceasefire in Syria, but it has
:03:38. > :03:41.never taken hold. The opposition says that this week saw some of the
:03:42. > :03:47.bloodiest days since the uprising began. Russia does not want
:03:47. > :03:51.anything that looks like Western imposed regime-change in Syria.
:03:51. > :03:56.Bashar al-Assad shows no sign of going, and the Syrian opposition
:03:56. > :04:01.will not join a transitional government of which he is apart.
:04:01. > :04:05.The talks here are an attempt to break the deadlock and every day it
:04:05. > :04:11.continues, the violence in Syria worsenings.
:04:11. > :04:14.-- worsens. Egypt's first democratically
:04:14. > :04:18.elected President, Mohammed Morsi is being sworn in at the
:04:18. > :04:23.constitutional court in Cairo. Mohammed Morsi is from the Muslim
:04:23. > :04:33.Brotherhood, the first without a military background. He read the
:04:33. > :04:37.oath wfr the -- before the supreme constitutional court.
:04:37. > :04:43.Heavy floods have affected railway lines in Scotland damaged by storms.
:04:43. > :04:48.More than 200 events are taking place across Britain to mark the
:04:48. > :04:53.seventh Armed Forces Day. Plymouth has been chosen to host the main
:04:53. > :04:57.national celebrations. There will be a march by veterans across Tower
:04:58. > :05:02.Bridge in London and parades and fly-pasts in many other towns and
:05:02. > :05:08.cities. This morning Corporal Johnson
:05:08. > :05:11.Beharry, awarded the Victoria Cross in 2005, carried the Olympic torch
:05:11. > :05:17.through the National Memorial Arboretum in Staffordshire.
:05:17. > :05:22.He's one of only six living recipients of the medal, he was
:05:22. > :05:28.given it for saving members of his unit in Iraq.
:05:28. > :05:31.Armed Forces Day has introduced as a way of encouraging support for
:05:31. > :05:37.service personnel and their families. It is a message
:05:38. > :05:41.appreciated by the troops serving in Helmand province in Afghanistan.
:05:41. > :05:44.General Sir David Richards flou into Helmand province to say thank
:05:44. > :05:48.you in person to the men and the women serving here in
:05:48. > :05:52.satisfactorying summer heat. The overriding message is a very,
:05:52. > :05:55.very big thank you. Every time I come here I find that things have
:05:55. > :06:00.gotten better. The levels of commitment are higher than they
:06:00. > :06:07.were and the people in Britain are using it as an opportunity to thank
:06:07. > :06:10.their troops for what they do. I would like to say that it is an
:06:10. > :06:17.opportunity for the armed forces to say a big thank you to those that
:06:17. > :06:22.support us so well too. The bazaars and Nad Ali, Private
:06:22. > :06:26.Harry Turner is just 18, one of the youngest soldiers here. He finished
:06:26. > :06:32.training in March, he is now on a six-month tour.
:06:32. > :06:36.My mum was shocked. She thought I would be here two weeks, but mum
:06:36. > :06:41.and dad are support i. British Forces have been in Helmand
:06:42. > :06:46.province for seven years. They point to places like this in Nad