Index Investing News
Thursday, January 29, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Lord Peter Mandelson to be UK’s subsequent ambassador to US

by Index Investing News
December 19, 2024
in Economy
Reading Time: 4 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Lord Peter Mandelson, former Labour cupboard minister and EU commissioner, is to change into Britain’s subsequent ambassador to Washington, with a right away mission to avert a commerce warfare with Donald Trump.

Mandelson will take up the submit subsequent month, in accordance with UK authorities officers, within the newest appointment by Prime Minister Sir Keir Starmer of a veteran heavy-hitter from the Tony Blair period.

Starmer picked Mandelson to succeed Dame Karen Pierce, who has served in Washington since 2020 and is named “the Trump whisperer” for her shut contacts with the incoming US president and his staff.

Mandelson’s experience within the area of commerce — he was enterprise secretary in Gordon Brown’s authorities and held the EU commerce portfolio in Brussels — can be essential in his new position.

Downing Avenue is predicted to substantiate Mandelson’s appointment on Friday and it has already been notified to Trump’s staff, with whom Starmer is attempting to shortly foster good relations.

Jonathan Powell, Tony Blair’s former chief of employees and now Starmer’s nationwide safety adviser, is amongst those that urged the prime minister to choose Mandelson, in accordance with authorities insiders.

Mandelson additionally had the backing of David Lammy, international secretary, and Morgan McSweeney, Starmer’s chief of employees. Powell and McSweeney held talks with Trump’s staff in Florida and Washington earlier this month.

The appointment of Mandelson is one thing of a threat for Starmer, given the Labour peer’s capability to draw publicity and controversy.

Nonetheless Mandelson’s backers mentioned he has huge worldwide expertise, together with from his time as EU commerce commissioner from 2004 to 2008. He beforehand served as a minister in Blair’s authorities.

Trump has threatened to impose a world tariff on imports to the US and Mandelson’s first activity can be attempt to persuade the president to not place a levy on British exports.

Starmer has mentioned he “completely rejects” the concept that Britain should select between the US or the EU in commerce issues; Mandelson additionally believes higher commerce phrases may be agreed with each.

He informed the Instances’s Find out how to win an Election podcast earlier this 12 months: “We’ve got bought to navigate our method by this and have, I’m afraid, the most effective of each worlds. We’ve got bought to discover a strategy to have our cake and eat it.”

Mandelson’s appointment, first reported by the Instances, comes after weeks of deliberation. Starmer was pissed off, in accordance with these near him, by a report within the Monetary Instances final month that Lammy was backing Mandelson’s candidature. “He felt like he was being bounced,” mentioned one ally.

Downing Avenue insiders had been additionally irritated by Mandelson’s suggestion that Nigel Farage, Reform UK chief, is perhaps a helpful “bridge” to the brand new Trump administration.

However finally Starmer determined to deploy Mandelson’s expertise and political nous — he first rose to prominence as Labour’s communications director within the Nineteen Eighties — to handle the brand new UK-US relationship.

Mandelson, who was recalled from Brussels by Brown in 2008 to assist save his ailing authorities, earned the nickname “the Prince of Darkness” for his mastery of the political arts.

He takes over the Washington job as a political appointee somewhat than as a profession diplomat, heading off former Labour international secretary David Miliband, who had additionally been linked to the job.

“Donald Trump will know that Peter comes from the political household of the British authorities and speaks with the prime minister’s authority,” mentioned one official near Starmer.

“He’s clearly used to doing diplomacy in his outdated EU commerce job, however he’ll must brush these expertise up a bit and keep in mind he’s a diplomat somewhat than a minister.” Lammy broke the information to Mandelson final week.

Though Mandelson has argued that Britain can safe higher commerce phrases with the US, UK ministers are extremely sceptical about whether or not a full free commerce settlement with Washington is feasible.

The US would demand, in any such negotiation, UK market entry for American farm merchandise. Some, reminiscent of chlorine-dipped rooster, are banned in Britain.

David Henig, a commerce knowledgeable, mentioned Mandelson may succeed. “Trump is operating a medieval court docket,” he added. “That’s the type of surroundings through which somebody who can monitor who’s in — and who’s out — can be fairly invaluable. You may see the noble lord being fairly good at that.”

However Henig mentioned Mandelson and Britain ought to keep away from getting dragged into commerce talks with the US “which might result in a concentrate on what we disagree on with the US and offended presidential tweets”.

Mandelson has informed pals that his new job means he should put his enterprise pursuits “in chilly storage”.

He co-founded International Counsel, a global advisory firm, however has remained engaged in public life. He just lately failed in a bid to change into chancellor of Oxford college.

Mandelson additionally has sturdy hyperlinks with China, part of his CV he’s unlikely to spotlight when in Washington. Till 2023 he was honorary president of the Nice Britain China Centre, a non-departmental public physique supported by the Overseas, Commonwealth and Improvement Workplace.

There had been hypothesis in Whitehall that Pierce’s keep on the Washington embassy is perhaps prolonged, given her proximity to Trump’s staff. She helped to rearrange an early assembly between Starmer and Trump at Trump Tower in New York in September, and has facilitated discussions with the prime minister’s employees.

Pierce has been linked to the emptiness of everlasting secretary on the FCDO in London.



Source link

Tags: ambassadorLordMandelsonPeterUKs
ShareTweetShareShare
Previous Post

FDX Earnings: FedEx Q2 2025 adjusted revenue will increase; income dips

Next Post

Tariffs Harm Canadians and Individuals

Related Posts

Transcript: Zach Buchwald, Russell Investments CEO and Chairman 

Transcript: Zach Buchwald, Russell Investments CEO and Chairman 

by Index Investing News
January 27, 2026
0

https://www.youtube.com/watch?v=WTUt5kpKgFwhttps://www.youtube.com/watch?v=WTUt5kpKgFw     The transcript from this week’s MiB: Zach Buchwald, Russell Investments CEO and Chairman, is below. You can...

The Deportation Labor Shock – Econlib

The Deportation Labor Shock – Econlib

by Index Investing News
January 23, 2026
0

Mass deportation is often framed as a pro‑worker policy. Remove unauthorized immigrants, the argument goes, and native wages will rise...

10 MLK Day Reads – The Big Picture

10 MLK Day Reads – The Big Picture

by Index Investing News
January 19, 2026
0

My (somewhat relevant?) Martin Luther King Day reads: • New High of 45% in U.S. Identify as Political Independents: More...

AI and the Art of Judgment

AI and the Art of Judgment

by Index Investing News
January 15, 2026
0

A New York magazine article titled “Everyone Is Cheating Their Way Through College” made the rounds in mid-2025. I think...

MiB: Ben Hunt, co-founder Perscient

MiB: Ben Hunt, co-founder Perscient

by Index Investing News
January 11, 2026
0

     This week, I speak with Ben Hunt is president and co-founder of Perscient, an AI research firm...

Next Post
Tariffs Harm Canadians and Individuals

Tariffs Harm Canadians and Individuals

First Look Teaser for ‘Queen of the Ring’ Starring Emily Bett Rickards

First Look Teaser for 'Queen of the Ring' Starring Emily Bett Rickards

RECOMMENDED

Investors wait for signs the Bank of England’s heavy lifting is done

Investors wait for signs the Bank of England’s heavy lifting is done

January 29, 2023
Liverpool intensify talks to sign Fernandez

Liverpool intensify talks to sign Fernandez

December 29, 2022
Carl Icahn’s firm cuts dividend in half after short-seller attack, shares slump By Reuters

Carl Icahn’s firm cuts dividend in half after short-seller attack, shares slump By Reuters

August 4, 2023
How to Incorporate a Business

How to Incorporate a Business

September 6, 2022
Section 8 Investing and Which Cash Flow Markets Make Sense

Section 8 Investing and Which Cash Flow Markets Make Sense

November 26, 2022
Microsoft 365 down for thousands of users: Downdetector

Microsoft 365 down for thousands of users: Downdetector

June 5, 2023
Wife of King County drainage commissioner sentenced for stealing tax dollars

Wife of King County drainage commissioner sentenced for stealing tax dollars

January 12, 2023
UK mortgage borrowers face painful refinancing, warns think-tank

UK mortgage borrowers face painful refinancing, warns think-tank

May 14, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In