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Darling and Myners to face MP grilling

Chancellor Alistair Darling and Banking Minister Lord Myners will be facing the Treasury Select Committee.

The pair will give evidence on the banking crisis; Myners has come under fire for his part in former RBS chief executive Sir Fred Goodwin’s pension scandal. Myners signed off Goodwin’s severance, which has left him with a £650,000 a year pension.

Darling too faces tough questions for his part in the crisis. He will be grilled over the part nationalisations of RBS and Lloyds Banking Group, as well as his part in the creation of the Asset Guarantee Scheme and the buying of bank debt which has resulted in £75bn of quantative easing.

Myners will face TSC chairman John McFall and his committee on Tuesday March 17, 9:45am and Darling will follow on March 19, 2:00pm.

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