Chuka Umunna joins Lib Dems
Former Labour MP Chuka Umunna has joined the Liberal Democrats after his departure from the newly formed Change UK. Umunna, the MP for Streatham, said that he was “wrong to think that millions of politically homeless people wanted a new party” and had “massively underestimated” the difficulties of setting up a “fully pledged new party without an existing infrastructure”.
MPs criticise "whitewash" FCA report on RBS
A group of MPs has criticised a report by the Financial Conduct Authority which recommends no further action be taken against the Royal Bank of Scotland’s restructuring business.