Bob Diamond's resignation is a victory for Ed Miliband

Once again, the Labour leader set the political pace.

Bob Diamond's resignation, announced this morning by Barclays, is a significant victory for Ed Miliband. Alone among senior politicians, the Labour leader called for the Barclays chief executive to resign the day after the Libor scandal broke (a call he repeated yesterday), with David Cameron merely stating that he had "serious questions to answer".

"It is not for prime ministers to hire and fire bank chiefs," said Cameron. "He has to make himself accountable to his shareholders and this House. He has some serious questions to answer." As in the case of the phone hacking-scandal (when he called for Rebekah Brooks's resignation and the abandonment of the BSkyB bid) and Stephen Hester's bonus, Miliband set the political pace. Even Vince Cable, who might have been expected to call for Diamond's resignation, suggested that it was up to Barclays shareholders to remove him. But in his resignation statement, it was "external pressure" (Miliband, in other words) that Diamond blamed.

One indicator of how seriously the Barclays boss took the Labour leader's opinion is that he called him last Thursday in an attempt to give his "side of the story" (as Miliband put it). Miliband was initially unsure whether to call for Diamond to go, preferring to focus on the sins of the banking system, rather than one individual, but he eventually resolved that Barclays needed new leadership. At this point, Diamond probably knew that his time was up.

Update: Miliband has responded to Diamond's resignation, stating that it was "necessary and right", while repeating his call for a juidical inquiry into the banks. Here's the statement in full:

This was necessary and right.

It was clear Bob Diamond was not the man to lead the change that Barclays needed.

But this is about more than one man.

This is about the culture and practices of the entire banking system which is why we need an independent, open, judge-led, public inquiry.

Bob Diamond resigned as chief executive of Barclays this morning. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

Photo: Getty
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Jeremy Corbyn sat down on train he claimed was full, Virgin says

The train company has pushed back against a viral video starring the Labour leader, in which he sat on the floor.

Seats were available on the train where Jeremy Corbyn was filmed sitting on the floor, Virgin Trains has said.

On 16 August, a freelance film-maker who has been following the Labour leader released a video which showed Corbyn talking about the problems of overcrowded trains.

“This is a problem that many passengers face every day, commuters and long-distance travellers. Today this train is completely ram-packed,” he said. Is it fair that I should upgrade my ticket whilst others who might not be able to afford such a luxury should have to sit on the floor? It’s their money I would be spending after all.”

Commentators quickly pointed out that he would not have been able to claim for a first-class upgrade, as expenses rules only permit standard-class travel. Also, campaign expenses cannot be claimed back from the taxpayer. 

Today, Virgin Trains released footage of the Labour leader walking past empty unreserved seats to film his video, which took half an hour, before walking back to take another unreserved seat.

"CCTV footage taken from the train on August 11 shows Mr Corbyn and his team walked past empty, unreserved seats in coach H before walking through the rest of the train to the far end, where his team sat on the floor and started filming.

"The same footage then shows Mr Corbyn returning to coach H and taking a seat there, with the help of the onboard crew, around 45 minutes into the journey and over two hours before the train reached Newcastle.

"Mr Corbyn’s team carried out their filming around 30 minutes into the journey. There were also additional empty seats on the train (the 11am departure from King’s Cross) which appear from CCTV to have been reserved but not taken, so they were also available for other passengers to sit on."

A Virgin spokesperson commented: “We have to take issue with the idea that Mr Corbyn wasn’t able to be seated on the service, as this clearly wasn’t the case.

A spokesman for the Corbyn campaign told BuzzFeed News that the footage was a “lie”, and that Corbyn had given up his seat for a woman to take his place, and that “other people” had also sat in the aisles.

Owen Smith, Corbyn's leadership rival, tried a joke:

But a passenger on the train supported Corbyn's version of events.

Both Virgin Trains and the Corbyn campaign have been contacted for further comment.

UPDATE 17:07

A spokesperson for the Jeremy for Labour campaign commented:

“When Jeremy boarded the train he was unable to find unreserved seats, so he sat with other passengers in the corridor who were also unable to find a seat. 

"Later in the journey, seats became available after a family were upgraded to first class, and Jeremy and the team he was travelling with were offered the seats by a very helpful member of staff.

"Passengers across Britain will have been in similar situations on overcrowded, expensive trains. That is why our policy to bring the trains back into public ownership, as part of a plan to rebuild and transform Britain, is so popular with passengers and rail workers.”

A few testimonies from passengers who had their photos taken with Corbyn on the floor can be found here