Despite his value to Starmer, the New Labour veteran may yet be forced into an extraordinary third resignation

L

ord Peter Mandelson once memorably said he was “intensely relaxed about people getting filthy rich”. Indeed over three decades at the top of British public life, he has shown a penchant for relaxing intensely in the yachts, homes and holiday pads of the super-wealthy.

When the Labour peer was made ambassador to Donald Trump’s White House, he promised to “stay below the radar” – but the merest glance at his past record showed that to be a highly unlikely prospect.

The original spin doctor, once branded the “Prince of Darkness”, Mandelson was an important figure in the rehabilitation of the Labour party in opposition from the mid-1980s, helping to shape its pitch to the public, alongside the young Tony Blair and Gordon Brown.