Peter Mandelson as Trade Secretary oversaw the “light touch” policy of regulation which has just nearly bankrupted us. His is now coming back to essentially the same job, and I just listened in disbelief as a reporter from BBC News just told us, after a lobby briefing, that Mandelson was going to help tackle the financial crisis by “Pushing forward on Brown’s deregulation agenda”.
Words fail me.
I must be going to wake up soon.