In a dramatic intervention that has sent shockwaves through Westminster, former Business Secretary Lord Peter Mandelson has launched a blistering attack on current Trade Secretary Kemi Badenoch, accusing her of seriously damaging Britain's business reputation with her hardline Brexit rhetoric.
The Labour peer and architect of New Labour delivered his stern warning during a private parliamentary meeting, where he claimed Badenoch's approach to post-Brexit relations was causing significant harm to investor confidence in the UK.
A Clash of Political Titans
According to sources present at the meeting, Mandelson directly confronted the Conservative minister about her recent statements celebrating Britain's departure from the European Union. He argued that such triumphalist rhetoric was undermining the country's economic interests and international standing.
'You are giving completely the wrong impression and doing great damage,' Mandelson reportedly told Badenoch during the heated exchange.
The Business Community's Growing Concerns
Mandelson's intervention reflects mounting anxiety among business leaders about the government's approach to post-Brexit trade relations. Many executives have expressed concerns that the current political rhetoric doesn't align with the practical realities facing British companies operating in global markets.
The former EU Trade Commissioner emphasised that constant celebration of Brexit separation creates uncertainty among international investors who value stability and predictability above political point-scoring.
Government's Defence of Brexit Strategy
Supporters of Badenoch have rushed to her defence, arguing that she is rightly promoting Britain's independent trade policy and opportunities beyond Europe. They point to recent trade deals with Australia and New Zealand as evidence of the benefits of leaving the EU.
However, critics maintain that the economic evidence suggests otherwise, with Brexit having contributed to reduced trade with Europe and additional barriers for British exporters.
Implications for UK's Economic Future
This public clash between two of Westminster's most prominent figures highlights the ongoing deep divisions over Brexit's legacy. With a general election approaching, the debate about Britain's economic relationship with Europe is likely to intensify further.
Business leaders will be watching closely to see whether the government moderates its language on Brexit or continues with its current approach despite the concerns raised by influential figures like Mandelson.
