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PMQs: Miliband quotes Cameron on bank regulation

4 July 2012 Last updated at 13:25 BST

Ed Miliband repeated a 2008 quote from David Cameron on "too much regulation" in banking as he accused the prime minister of double standards and being slow to act.

He claimed Mr Cameron could not act in the national interest as he ran a party "bankrolled by the banks".

The PM hit back saying Labour did not want to talk about its record in office and its "sense of shame".