You would need a heart of stone not to laugh at the irony of Miliband launching his “Real Change” campaign to clean up banking straight from the Co-op crack den last summer. Standing proudly in the headquarters of Labour’s ethical bank, Miliband set out his vision to stop all those other big, nasty banks from behaving badly:

“I think that the thing the British people want most of all is banks which reflect their values – responsibility, integrity, reward linked to effort… You [the Co-op] have always understood that ethics of responsibility, co-operation and stewardship must be at the heart of what we do.”

Fast forward a year and a half and Labour stands accused of covering up a raft of gay porn allegations against crack-smoking Rev Flowers back when he was a councillor. And not a Miliband call for an inquiry in sight. How’s that whole responsibility and integrity thing going, eh Ed?