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Stephen Barber, Professor of Global Affairs, University of East London

Mandelson and the financial crash: why the Epstein allegations are so shocking

Suggestions that Peter Mandelson may have shared government information with Jeffrey Epstein amid the fallout of the global financial crisis are being investigated by police.

Emails between Mandelson and the disgraced financier, released by the US Department of Justice, are said to include market-sensitive details. This was at a time when Mandelson was in government and ministers around him were scrambling to keep the UK economy afloat.

Now, the 2008 global financial crisis belongs to a different political generation, with almost all of the leading players having left the world stage. But the ripple effect of the credit crunch can still be felt in our politics and in our pockets.

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