The Barclays scandal is a chance for Miliband to show leadership

The Labour leader most move swiftly to articulate public anger.

The time for "remorse" is over, Barclays chief executive Bob Diamond told MPs in January 2011. It turns out it wasn't. The revelation that Barclays repeatedly manipulated interest rates in a bid to increase its profits means that there is much remorse to come. The latest corporate scandal, combined with the ongoing crisis at the RBS-owned Natwest, should make banker-bashing an Olympic sport among politicians.

Labour has rightly called for a criminal investigation into Barclays, with former city minister Paul Myners accurately observing on Newsnight: "This behaviour will only change if people face the prospect of criminal charges." The sense, however, is that most in Westminster are waiting to see how many others banks are implicated - Lloyds and RBS are both under investigation - before showing their hand. With the exception of the Lib Dems' Matthew Oakeshott, Vince Cable's representative on earth, no senior politician has called for Diamond to resign.

Soon, however, the voters will be demanding answers. On tonight's Question Time, you can expect the audience to ask two questions: "why has no one resigned?" and "why hasn't a single banker gone to jail?" The mere announcement that Diamond, presciently described by Peter Mandelson several years ago as the "unacceptable face of banking", and other top executives will not accept bonuses this year (while retaining handsome basic salaries) will do nothing to sate public outrage. And rightly so. As Labour's Chuka Umunna notes on Twitter, "LIBOR is used to calculate interest rates for SME loans, student loans, credit cards etc - manipulation of it would affect most people".

So here is another opportunity for Ed Miliband to show political leadership as he did during the phone-hacking scandal and the row over Stephen Hester's bonus. On such occasions, where Miliband has led, Cameron has followed. If he is to set the political pace again, Miliband should use his speech to Unite's conference to call for Diamond to resign and for a criminal investigation into Barclays. 

Update: As I predicted, Miliband used his speech at Unite's conference to call for "criminal prosecutions" against anyone at Barclays who broke the law, although he did not call for Diamond to consider his position. See my post here for the full quote.

Barclays chief executive Bob Diamond has resisted calls for his resignation. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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How to explain Brexit to your kids

It’s not hard. The Brexiteers’ tantrums are a parody of how children behave.

My parents never sat me down for “the politics talk”. I suspect they were too embarrassed. Like many children of my generation, I was left to develop my own ideas about what adults did in private.

We didn’t have the internet and our arms were too short to open most newspapers (scientists were still working on the tabloid-broadsheet hybrid). Hence we picked up news randomly, either by overhearing snippets on the radio while buying sweets in the newsagent’s or by accidentally watching the start of the six o’clock news following the end of Charles In Charge.

By the time I was nine, the same age my eldest child is now, I had unrealistic expectations of politicians and the democratic process. Due to the fact that I had no idea what anyone was talking about, I assumed everyone in the House of Commons was having serious, informed thoughts about the most important issues of the day.

I now know that the real reason I couldn’t understand what anyone was saying was because what had sounded like “roargh roargh [insult] <braying laughter>” really had been “roargh roargh [insult] <braying laughter>” all along. I’d assumed it was a language I had yet to learn, one of the more specialised dialects of Adult-ese. I’d already wasted one vote by the time I realised that Prime Minister’s Questions was basically Jeremy Kyle with posher accents and minus the lie detector tests.

I don’t want my children to make the same mistakes as me. Thankfully, it turns out Brexit Britain is the ideal place to teach your kids how politics really works. Never has there been a time when those stalking the corridors of power were more in tune with the average tantruming toddler. There’s no point in rational argument; you just have to hope that those in power burn themselves out before too much damage is done.

This particular tantrum has of course been building for some time. The dominant rhetoric of the Leave campaign – like that of the Tory party itself – always offered a spoilt child’s view of the world, one in which you are the centre of the universe, depending on no one else for your survival.

When others point out that this isn’t the case – that perhaps you wouldn’t have a home and food on the table if it wasn’t for Mummy or Daddy, or perhaps the UK would not have a strong economy were it not a member of the EU – you simply tell them they’re being mean. You’ll show them! They’re not the boss of you! So you pack your bags and leave.

If you are six, you might get to the corner of your road, realise with disappointment that no one is following you and turn back, hoping no one noticed you were gone. If you are the UK, you hang around for a while, maybe hiding in some bushes, thinking “any minute now they’ll come looking for me.”

But they don’t, so eventually you think “sod ‘em, I’ll go to my mates’. Unfortunately, you cannot get there without Mummy to drive you. This is a problem. But at least you can tell yourself that you were doubly right to leave, since everything that is happening now is Mummy’s fault.

Never in British politics has the panicked outrage of those who know they are making a terrible mistake been so palpable. It reminds me of the time when I was teaching my eldest son to drink from a beaker. He kept spilling small amounts, which caused him so much distress he’d end up pouring the rest of the juice onto the carpet to make it look deliberate. Whenever I tried to stop him, I’d only make him more panicked, thus even more likely to get juice everywhere.

I have since asked him if he remembers why he did this. He says he does not, but I have told him this is what the British government is doing with Brexit. The referendum was the initial spillage; we now have to sit and watch, biting our tongues, in the hope that the “well, anyhow, I totally meant to do that!” response can be averted.

There is little chance of that, though. When my middle son told his older brother he could fly, he quickly backed down on being asked to demonstrate this by jumping from an upstairs window. Liam Fox would have thrown himself headlong, then blamed Project Fear for his broken neck. Or rather, he’d have thrown someone else – one of the millions of people whose lives really will be ruined by Brexit – then tried to argue that the exceptionally bendy necks of UK citizens could be used as one of the “main cards” in negotiations.

The behaviour is beyond childlike; it is a parody of how children behave. When I asked one of my sons to clean his teeth this morning, he called me a “poo head” and said his teeth wouldn’t get decay. He still brushed them, though.

He did not conclude I was some sinister sore loser out to trick him because his teeth are young and white and mine are old and stained. He still has some basic sense that people who ask you to do things you don’t want to do might yet have your best interests at heart, regardless of who is right or wrong. He did not call me a sneering member of the elite trying to override the will of all toothpaste-rejecting British children (to be fair, I think “poo head” may have been meant to capture that, but at least he only called me it once).

Then again, the teeth in my son’s head are his alone. The consequences of neglect would be his to endure. Those stage-managing the Brexit tantrum are insulated from its most devastating consequences. Thus they can hurl insults, stick their fingers in their ears and take more than a little pleasure in the sheer recklessness of it all. It is not just an extended childhood; it is childhood without having to come to terms with the consequences of your own behaviour, because others will suffer them for you.

I want my own children to understand that what they see now is not what politics should be. That there is not some deep, meaningful logic underpinning what the adults in charge are doing. What looks like bitterness, point-scoring and sheer lack of self-control is, more often than not, just that. We have indulged these people too long. Let’s raise a generation with higher expectations of those who will claim to speak on their behalf.

Glosswitch is a feminist mother of three who works in publishing.