Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

Business News

Osborne urged to get tough on Libor riggers

More than 66,000 people have demanded that bankers who rig the financial system should be sent to prison.

Ahead of today's deadline for comments on George Osborne's consultation on sanctions for directors of failed banks, the campaign group Avaaz, which was active over the phone-hacking scandal, sent the Chancellor (right) an online petition demanding jail terms in the wake of the Libor scandal.

The petition was started a week after the consultation was announced in July. On Friday, regulator Martin Wheatley agreed that Libor rigging should be a criminal offence.