The now-former ambassador to the US 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 appointed to the British embassy in Washington, he promised to “stay below the radar” – but the merest glance at his past record showed that to be a highly unlikely prospect.