Today we are reaching the next to last chapter––for now!––of the Mandelson story.

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As we are recording this, on 18th May 2026, the Prime Minister, Keir Starmer, is facing a potential leadership challenge and a collapse in legitimacy following two major crises, both of these the responsibility of Peter Mandelson; one, directly, the other a consequence of the changes of which Mandelson has been the driving force of for almost 40 years. The first crisis is Starmer’s appointment of Mandelson as Ambassador to the United States, despite his having failed a Foreign Office vetting procedure, and the fallout of that once Mandelson was outed as a close long-term friend of the child sex trafficker Jeffrey Epstein, to whom it’s alleged he passed sensitive government and financial information while in power. The other is the complete decimation of Labour in the recent local elections, and in elections for the Welsh and Scottish devolved assemblies, which saw the party lose close to 1500 local council seats and, in Wales, lose a century-long winning streak as the country’s largest party. In today’s episode we’ll talk about Mandelson’s journey from MP to peer to Ambassador, and we’ll also discuss how his enormous influence over that time, usually behind the scenes, has led to a Labour Party and indeed the two party system itself on the edge of total collapse.