Politicians have been reacting to Bob Diamond's decision to step down as chief executive of Barclays with immediate effect - as a result of the interest rate fixing scandal.

Deputy Prime Minister Nick Clegg say it's the right decision and The Chief secretary to the treasury Danny Alexander says Britain's future can continue successfully but banks will need to be regulated - while Chancellor George Osborne says he hopes this is the first step towards a new culture of
responsibility in British banking:

B/A Labour leader Ed Miliband is continuing to call for an independent, open, judge-led public inquiry.