Is parliament good for anything? This is, in effect, the question behind the coming Libor investigation. Ed Miliband’s assumption that to get any questions answered you need a judge-led inquiry fits a trend, and one that Rod Liddle examines in this week’s magazine. For my part, I’m uneasy about the deification of the judiciary and quite liked Rod’s idea of having an inquiry into the judges, led by a butcher. If parliament doesn’t work, I think the answer is to fix it rather than give up on it. So a lot is now resting on Andrew Tyrie, who is about to chair the parliamentary investigation into Libor, who must next week start to select the Libor committee’s members and define its remit.
Tyrie was named Select Committee Chairman of the Year in the Spectator/Threadneedle parliamentarian of the year awards, and it’s worth reminding CoffeeHousers why.
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