Loans for peerages: The Times says the Levy and Blair stories do not tie up

According to the Times

Lord Levy is to be interviewed for a third time by police investigating allegations of loans for peerages after his testimony was contradicted by Tony Blair, The Times has learnt.
The Prime Minister told detectives on Thursday that he did not have “full knowledge” of secret gifts received by Labour or the subsequent nominations of lenders for peerages, according to senior sources.

Lord Levy had claimed in a written statement that Mr Blair knew about his dealings with the lenders. Lord Levy will now come under intense pressure to explain how and when he told Mr Blair about the loans, and any subsequent knowledge of nominations for peerages.