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Barclays Bank: Labour agree to co-operate with probe

5 July 2012 Last updated at 18:44 BST

Labour will co-operate with a parliamentary probe into the the rate-rigging scandal at Barclays and other banks, despite its MPs voting against it in a Commons showdown.

Shadow chancellor Ed Balls said his party respected the will of Parliament, but also voiced serious concerns over the scope of the proposed inquiry.

James Landale reports.