Government continues to steer clear of Arch Cru probe

In a written question, Gregory Campbell MP urged the Treasury to give consideration to using its section 14 powers under the Financial Services Markets Act 2000, which allow it to arrange independent inquiries. However, financial secretary Mark Hoban said the government was "yet to be persuaded" that an inquiry is appropriate, the same phrasing David Cameron used last month. He added: "The powers to set up such an independent inquiry are available when it appears that regulatory failure may have significantly damaged the interests of consumers. "It is not the role of the Financial ...