The Daily Telegraph's chief political commentator has resigned and accuses the newspaper of refusing to publish negative stories about HSBC because it was a major advertiser

The Daily Telegraph's chief political commentator Peter Oborne has resigned from the British newspaper, leaving behind a blistering attack on his former employer in a post on the Open Democracy website.

In it, Oborne says the newspaper's coverage (or lack of it) on HSBC is a "fraud on readers," accusing The Daily Telegraph of refusing to cover major disparaging stories about the bank because it is a key advertiser.

Oborne begins his post the paper's "collapse in standards," as it experienced a sharp decline in print ciruclation, followed by "waves of sackings." The situation became "more and more dismaying" in 2014 when much-loved editor Tony Gallagher was sacked and replaced with Jason Seiken, who took up a role as "head of content." With the arrival of Seiken came the arrival of a "click culture," which Oborne believes inflicted "incalcuable damage on the reputation of the paper."

The damage bled into the divide between the print and editorial department. "There is a great deal of evidence that, at the Telegraph, this distinction has collapsed."

Oborne first noticed the

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