More parliamentary scrutiny over council loans 'conflicts'

John McDonnell among the 66 officials calling for Treasury committee inquiry into 'Lobo' deals

RBS Royal Bank of Scotland
(Image credit: Getty)

Another parliamentary committee could be set to investigate loans to councils made by the likes of Barclays and Royal Bank of Scotland, which campaigners allege waste millions of pounds and force more cuts to services.

A letter signed by "66 MPs, councillors and academics, including the shadow chancellor John McDonnell", was sent to the chairman of the influential Treasury select committee calling for it to launch an inquiry into the sale of so-called "Lobo loans", reports The Independent.

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