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...deregulation of financial markets, known as Big Bang, restoring London's position as one of the world's most important financial centers. Blair's New Labour did nothing to restrict the unfettered growth of the City, as London's financial district is called. In 1998, Blair's adviser Peter Mandelson, now the most powerful member of Brown's Cabinet, said Labour was "intensely relaxed about people getting filthy rich...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...there are fears that Europe could retaliate. The European Commission has warned that it would react sternly to any evidence of American protectionism favoring Boeing in the Pentagon bidding process. And British Business Secretary Peter Mandelson hinted that "the open market to U.S. producers we have in Europe" could be affected if the European Union felt that Americans were refusing to extend similar freedoms to their companies in return. Even some American observers groused that the EADS offer was clearly superior to Boeing's revised bid. U.S. Senator Richard Shelby, a Republican from Alabama, said that "the Air Force...

Author: /time Magazine | Title: Europeans Cry Foul Over a Defense Contract | 3/11/2010 | See Source »

Downing Street and the Cabinet Office vigorously deny all the allegations. Cabinet ministers are lining up to defend Brown. "I don't think [Brown] so much bullies people as he is very demanding of people," Lord Mandelson, the Secretary of State for Business and a mainstay of Brown's government, told a BBC program. But attempts to close down the story and move on have been thwarted by a fresh allegation. Christine Pratt, chief executive of a charity called the National Bullying Helpline, has spoken to British media outlets claiming that Downing Street staff contacted her organization for help, telling...

Author: /time Magazine | Title: Is British Prime Minister Gordon Brown a Bully? | 2/23/2010 | See Source »

...Brown bullying allegations - and Conservative MP Ann Widdecombe, also listed as a patron of the helpline. The impact of her comments was undermined as her account of the number and source of the alleged calls changed in successive interviews, and four patrons of the charity, including Widdecombe, resigned. Mandelson, returning to the fray, suggested that Labour's opponents might have directed journalists to the organization. "This whole affair is starting to acquire a slight odor. It now looks like more of a political operation that's under way, directed at the Prime Minister personally," he said...

Author: /time Magazine | Title: Is British Prime Minister Gordon Brown a Bully? | 2/23/2010 | See Source »

...party's "Twitter czar," has already intervened to stop two well-meaning Labour supporters from tweeting as other people in a misguided effort to boost the party (one posed as an MP, the other as an official Labour outlet). @lordmandelson, a fake version of Business Secretary Lord Mandelson, has also suspended activities. The Foreign Secretary, David Miliband, who now tweets as @DMiliband, was beaten in the race to join Twitter by an impostor whose elegiac tweet on Michael Jackson's death was widely quoted by credulous media. "So far it's all been quite amusing," says McCarthy. "David Miliband talking...

Author: /time Magazine | Title: Injunction by Twitter: Stopping a Web Impostor | 10/3/2009 | See Source »

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