Why won't the Prime Minister hold a public enquiry?

David Cameron has repeated calls for Gordon Brown to hold a public enquiry into failures in the system of banking regulation.

Speaking at Prime Minister's Questions, David asked Mr. Brown if he agreed with Lord Myners, the Government Minister who this week agreed that a public enquiry was needed.

David warned that, with unemployment and repossessions on the rise, the public must be told how we came to be in this position and added:

"On the day the American people voted for change, people in Britain will ask how much longer do we have to put up with more of the same from a government that’s failed"