By Guy Adams, The Daily Mail

During his five decades in public life, Lord Mandelson has delighted in the company of many rich men.

Indeed, it was after being bewitched by his wealthy colleague Geoffrey Robinson that he had to resign from the Cabinet — on the first of two occasions he was forced to leave government.

It was no surprise, either, that as a man who was castigated by Labour colleagues when he once said he was ‘intensely relaxed about people getting filthy rich as long as they pay their taxes’, he has happily mixed socially with financier Nat Rothschild, who arranged for him to spend a lavish weekend in the company of the Russian oligarch Oleg Deripaska.

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