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    Cameron tells Osborne `do not involve me in your Libor clash with Ed Balls.

    This could be because a Top Tory backed Labour on `Libor`in 2008.

    Defence Secretary Phillip Hammond who is a close friend of Osborne`s when shadow Chief

    Secretary to the Treasury told Parliament Nov 2008 that the `desired effect`of government policies on

    encouraging lending of 1.5 % fall in London Inter- Bank Offered Rate ( Libor ) which showed that

    there was `no` manipulation of Libor by Labour ministers or whitehall officials and that it was a

    legitimate concern of both the Labour government and the Tory Opposition,something quite different

    to the illegal fixing by Barclay`s traders.

    Mr Osborne is expected to make a Commons Public Apology to Ed Balls and Lady Vadera for his

    `scandalous` accusations in the commons.

    Leveson is going to be a kindergarten to ``Libor``

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