
This, as the Times has cheerily sought to remind us since, is a ‘spectacular falling-out’ between a Conservative Shadow Chancellor and a dynasty with, let’s say, a fair bit of form in Conservative circles.
When I was in Birmingham for the Tory conference earlier this month – Jesus, was it only three weeks ago? – I spent a bit of one early evening in a hotel lobby, torn between two tellies, one offering live reporting of the collapsed US bank bailout, the other the Channel 4 Dispatches documentary that was trying to hammer Cameron’s fundraising endeavours: not that these sounded much more than over-zealous in the standard manner, and entirely as one would expect from Lord Ashcroft – but then I may have got distracted by Washington, specifically Barney Frank and his bring-me-coffee-and-doughnuts style of rhetoric.
I suppose one thing we can say for sure about the Putative Fifth Baron’s intervention is that it proves that Peter Mandelson really has got friends. I can’t yet say the same for Oleg Deripaska based on what little I know of him, but one can say he certainly has allies, which is just as important in his line of work.
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