The former Barclays director who told staff to lower their interest rate submissions following a misunderstanding with the Bank of England will give evidence to MPs today.

Former Barclays boss Bob Diamond will make an explosive appearance before MPs today after dragging senior Bank of England and UK government figures into the rate-rigging scandal.

A phone call between Barclays boss Bob Diamond and the Bank of Englandultimately led to some of the rate-rigging actions at the heart of the ongoing banking scandal, the bank said yesterday.