The BBC is still the most trusted media organisation

But trust in the corporation has nearly halved since 2003.

The latest YouGov poll on trust in major institutions gives the BBC cause for both optimism and pessimism. The good news for the corporation is that its news journalists are still more trusted than those of any other organisation. While 44 per cent of the public trust BBC journalists to "tell the truth", just 18 per cent say the same of journalists on mid-market newspapers and 10 per cent the same of journalists on tabloid newspapers (those titles that have so gleefully attacked the BBC in the last week).

Against this, however, must be weighed the fact that trust in the BBC has declined significantly since 2003. Before the Hutton Report, trust in the corporation stood at 81 per cent. It has since fallen by 37 points and by 13 points in the last fortnight (although some of the latter fall may prove temporary). For the first time since YouGov began tracking public trust in British institutions, more people distrust BBC journalists (47 per cent) than trust them (44 per cent).

Yet as the table below shows, there is no institution that has not experienced a decline in trust over the last five years. The Conservatives have seen the smallest fall in trust since 2003 (from 21 per cent to 20 per cent), although they are down by 10 points since reaching a peak of 29 per cent in August 2010. Also notable is the large, if unsurprising, decline in trust in the Liberal Democrats. Trust in the party's leading politicians has fallen by 20 points since the pre-coalition days of 2003. On this issue, the media and the politicians are all in it together.

An employee walks inside BBC headquarters at New Broadcasting House. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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Voters are turning against Brexit but the Lib Dems aren't benefiting

Labour's pro-Brexit stance is not preventing it from winning the support of Remainers. Will that change?

More than a year after the UK voted for Brexit, there has been little sign of buyer's remorse. The public, including around a third of Remainers, are largely of the view that the government should "get on with it".

But as real wages are squeezed (owing to the Brexit-linked inflationary spike) there are tentative signs that the mood is changing. In the event of a second referendum, an Opinium/Observer poll found, 47 per cent would vote Remain, compared to 44 per cent for Leave. Support for a repeat vote is also increasing. Forty one per cent of the public now favour a second referendum (with 48 per cent opposed), compared to 33 per cent last December. 

The Liberal Democrats have made halting Brexit their raison d'être. But as public opinion turns, there is no sign they are benefiting. Since the election, Vince Cable's party has yet to exceed single figures in the polls, scoring a lowly 6 per cent in the Opinium survey (down from 7.4 per cent at the election). 

What accounts for this disparity? After their near-extinction in 2015, the Lib Dems remain either toxic or irrelevant to many voters. Labour, by contrast, despite its pro-Brexit stance, has hoovered up Remainers (55 per cent back Jeremy Corbyn's party). 

In some cases, this reflects voters' other priorities. Remainers are prepared to support Labour on account of the party's stances on austerity, housing and education. Corbyn, meanwhile, is a eurosceptic whose internationalism and pro-migration reputation endear him to EU supporters. Other Remainers rewarded Labour MPs who voted against Article 50, rebelling against the leadership's stance. 

But the trend also partly reflects ignorance. By saying little on the subject of Brexit, Corbyn and Labour allowed Remainers to assume the best. Though there is little evidence that voters will abandon Corbyn over his EU stance, the potential exists.

For this reason, the proposal of a new party will continue to recur. By challenging Labour over Brexit, without the toxicity of Lib Dems, it would sharpen the choice before voters. Though it would not win an election, a new party could force Corbyn to soften his stance on Brexit or to offer a second referendum (mirroring Ukip's effect on the Conservatives).

The greatest problem for the project is that it lacks support where it counts: among MPs. For reasons of tribalism and strategy, there is no emergent "Gang of Four" ready to helm a new party. In the absence of a new convulsion, the UK may turn against Brexit without the anti-Brexiteers benefiting. 

George Eaton is political editor of the New Statesman.