
Global Counsel: Mandelson's lobbying firm collapsed owing £4.5m
Global Counsel, the lobbying firm co-founded by Peter Mandelson, collapsed in February owing £4.54m to creditors including £645,789 to HM Revenue and Customs. The firm's collapse on 20 February happened three days before Mandelson was arrested by police over allegations he passed sensitive information to Jeffrey Epstein. The firm had suffered a significant financial impact as customers cut ties amid pressure over its association with the former Labour minister and US ambassador.