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Katia Zatuliveter, 25, a Russian working for Mike Hancock, a Liberal Democrat MP who sits on the House of Commons Defence Select Committee, was arrested. She appealed against a deportation order, made after an investigation by MI5, and denied alleged links to Russian intelligence services. John Varley, the chief executive of Barclays, told a seminar: ‘It is possible that free-if-in-credit banking is a structure that has outlived its time.’

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