It has to be another example of The Mandelson Mephistopheles Effect. One by one, all of Peter’s friends have cosmic awfulness visited upon them – the latest being the millionaire Nat Rothschild. His mining company is in trouble and he’s been forced to resign from its board; one unnamed city broker said he would never be trusted in the square mile again. Nat was a friend of Pete’s. Much as was Oleg Deripaska who, soon after he made Peter’s acquaintance, was subjected to allegations of money laundering in Spain, which he denies, and a whopping lawsuit over here. Then there’s Peter’s earlier mate, Geoffrey Robinson, who had to resign his cabinet post having loaned his mate a lot of money. And what about Saif al Gaddafi, languishing in a cell in Zintan, Libya? One by one they all fall. And such lovely people, too. I’m sure Tony Blair will be ok, though.