Peter Mandelson’s advisory firm cuts ties amid Jeffrey Epstein revelations

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Peter Mandelson’s advisory firm is cutting ties with him after his firing as US ambassador after the extent of his relationship with the child sex offender Jeffrey Epstein was revealed in emails,Global Counsel, which Mandelson co-founded in 2010 alongside Benjamin Wegg-Prosser, is selling off his multimillion pound stake,The company started the sell-off of Mandelson’s stake this year and is expected to conclude the process in the next two months, according to a person familiar with the matter,Mandelson’s ties to Global Counsel came under fresh scrutiny after the depth and extent of his relationship with Epstein was revealed by the emails, including the suggestion that his first conviction was wrongful and should be challenged,His relationship with Epstein extended to describing him as his “best pal”, and a photograph emerged this week of Mandelson lounging in a white bathrobe with Epstein.

One of Mandelson’s emails to Epstein said: “Your friends stay with you and love you.”The company, which helps clients “anticipate regulatory and political change”, has advised firms including JP Morgan, Barclays, Open AI, Anglo American, the fast-fashion retailer Shein and TikTok.Archie Norman, the chair of FTSE 100 retailer Marks & Spencer, is its vice-chair.Mandelson, who was a minister in Tony Blair’s Labour government but was forced to resign twice, stepped back from Global Counsel after being appointed bythe prime minister, Keir Starmer, as ambassador to the US in December.In January, he entered into an agreement with Global Counsel to sell his stake in the business over time, but recent Companies House filings have shown he still retains a 21% stake.

In May last year, Mandelson resigned as a director,Mandelson’s first departure from the government in 1998, in the role of trade and industry secretary, concerned an undeclared £373,000 loan he had taken from a wealthy colleague, Geoffrey Robinson, to buy a London house while the pair were in opposition,Sign up to Business TodayGet set for the working day – we'll point you to all the business news and analysis you need every morningafter newsletter promotionRobinson, a successful businessman, stepped down from the post of paymaster general alongside Mandelson,Mandelson was brought back as Northern Ireland secretary, but in 2001 he submitted another resignation letter when it emerged he had contacted the Home Office in 1998 on behalf of Indian-born billionaire businessman Srichand Hinduja, who was seeking British citizenship,Hinduja was a £1m donor to the high-profile Millennium Dome project in Greenwich, south-east London, which Mandelson was overseeing.

There was no suggestion Mandelson benefited from Hinduja’s largesse.Global Counsel declined to comment.Mandelson declined to comment to Bloomberg and the Financial Times.
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Children detained under Mental Health Act held for hours in A&E departments

Children as young as nine detained under the Mental Health Act are spending hours in NHS accident and emergency departments under police control rather than in specialist mental health assessment suites.The detention under the act of children in England and Wales in police cells was banned in 2017 but a lack of suitable options has led to the use of A&E departments.Research to be presented at a British Sociological Association conference at Northumbria University on Friday found that 187 nine-to-18-year-olds were detained under the act in a single constituency in the north of England between 2017 and 2021. Three-quarters were taken to A&E, where legally they could wait for up to 24 hours, accompanied by police officers, until they were assessed.It was mainly children aged 16 and over who were able to access adult facilities who were taken to specialist suites under the care of trained mental health staff

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Hospices ‘on the brink’ financially if assisted dying is legalised

Hospices are “on the brink” and two in five are making cuts this year despite the importance of end-of-life care if assisted dying becomes legal, the sector has warned before the first House of Lords debate on the legislation.Hospice UK, which represents the sector, said many were financially struggling and still “in the dark” about how funding for end-of-life care will be improved when assisted dying legislation is passed.The terminally ill adults (end of life) legislation is due to have its second reading in the House of Lords on Friday, with Charlie Falconer, a Labour peer and the co-sponsor of the bill, taking over from the MP Kim Leadbeater.Before the debate, in which 190 peers have put their name down to speak, Falconer expressed optimism that it will pass through the Lords in time for it to become law by the spring.“There is more than enough time for the Lords to scrutinise the bill and return it to the Commons before the end of the parliamentary session,” he said

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Cost of place in children’s care homes in England hits almost £320,000 a year

The cost of a single place in a residential children’s care home in England has nearly doubled in five years to an average £318,000 a year, with private firms racking up huge profits as a result of market failure, according to the public spending watchdog.The £3bn children’s homes market, which is increasingly dominated by private firms, some funded by private equity, is “dysfunctional” and too often fails to deliver a good service for youngsters or value for money, a National Audit Office (NAO) report said.In the most extreme instances – likely to involve children with complex needs who require 24-hour supervision by multiple staff – councils had been charged up to £63,000 a week (£3.3m a year) for a single placement, the NAO said.Privately owned care firms ramped up fees above the rate of inflation, with the biggest providers enjoying average annual profit rates of 22

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Girls who play after-school sport in UK 50% more likely to later get top jobs, study finds

Girls who play after-school sport in the UK are 50% more likely to get top jobs later in life, according to research, which reveals that the boost is equivalent to a university degree.Despite this benefit, girls are far less likely to play sport than boys, with 11- to 18-year-olds each missing out on 1.4 hours a week, or 280m hours annually, with 340,000 more girls excluded due to cost and lack of local access, according to the research. One in three girls surveyed for the report said boys had access to a wider range of sports.The research found that women who played extracurricular sport as children were much more likely to reach senior professional roles

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Boom times and total burnout: three days at Europe’s biggest pornography conference

The crowd that gathers in Amsterdam is exuberant. Pornography use is more common than ever, so earnings for many here are through the roof. But there is trouble afoot, from AI to chronic illness …Brittany Andrews, a cheerful American porn star, cuts to the chase in her workshop on how to succeed in the adult industry.“Do you think about how much money you’re going to make before you make a clip? Do you know what stuff sells the best? Or do you just follow your creative spark?” she asks. She points to a young Ukrainian model in a gold sequined bra and denim shorts

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More than half of UK births now involve medical intervention, audit finds

More than half of women having a baby in Britain now do so with the help of medical intervention, an audit of NHS maternity care has revealed.Of the 592,594 births that took place in 2023, 50.6% involved either a caesarean section or the use of instruments such as forceps or a ventouse suction cup.Experts said the rise in medically assisted deliveries represented a “major shift” driven by births becoming more complicated in recent years, partly because more older or obese women are having babies.The increasing regularity of medical intervention is largely down to the sharp rise in caesarean births, in which the baby is delivered during an operation