Michael Dugher MP, Labour’s Vice-Chair, commenting following the fining of ICAP, whose CEO is the major Tory donor  and former Tory Party Treasurer Michael Spencer, said:

“David Cameron is a Prime Minister who stands up for the privileged few rather than ordinary people.

"He fought tooth and nail to avoid launching a proper inquiry into the scandal of rigging interest rates, the very scandal which has now engulfed one of his big donors - a man who has given him nearly £5m. The Tories should now return this money.

"On the very same day George Osborne’s top priority has been to argue against plans for a cap on bankers’ bonuses, taking a case to the European Court of Justice.

"It just goes to show what we already knew. In the end it’s a privileged few whose voices he hears, and whose interests he acts in.”