Tony Blair is under increasing pressure to halt a three-year-old corruption inquiry and avoid losing a £10 billion extension to an arms deal with Saudi Arabia.

The news comes after Saudi Arabia suspended negotiations on the 20-year-old Al-Yamamah deal after Serious Fraud Office (SFO) investigators tried to access some of the Saudi royal family’s bank accounts in Switzerland.

Thousands of jobs in Britain and Saudi Arabia would be at risk if the Saudis dropped an order for 72 Typhoon jets and, instead, signed a contract with the French for up to 36 rival Rafales. . . . The deal, which was signed off by Britain and Saudi Arabia in August, has been brought to the brink after the SFO asked to access bank accounts in Switzerland.

Something pretty embarrassing, I’d guess. I wonder where that money was going?