Mark Pack

Peter Mandelson vs Norman Baker

By | Sat 14th March 2009 - 11:22 am

From the Daily Mirror:

Lord Mandelson yesterday was at the centre of a secrecy row after refusing to reveal his business interests.

The Business Secretary has placed all his shareholdings in a blind trust – meaning they cannot be seen by the public…

Lib Dem MP Norman Baker said: “He must know what has been put in and we ought to know too or it subverts the announcement.” No10 said: “The point is Lord Mandelson doesn’t even know, therefore it doesn’t affect his decisions.”

The Downing Street ‘rebuttal’ strikes me as particularly weak, because if you’ve put a whole load of investments in a blind trust you (a) know what went in, and (b) know that it’s very likely that most of the trust’s current holdings are the same as (a). Far from not knowing, you’ve actually got a pretty good idea.

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2 Comments

  • Stuart 14th Mar '09 - 11:29am

    Keep up the good work Norman!

  • David Heigham 14th Mar '09 - 12:18pm

    Does he know what assets went into the trust? Does he, as some other Ministers do, see returns from time to time of what is in the trust?

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