Mandelson Quits Labour Amid New Epstein Revelations, Citing 'Embarrassment'

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CNBC TV18•02-02-2026, 08:04
Mandelson Quits Labour Amid New Epstein Revelations, Citing 'Embarrassment'
- •Former UK minister Peter Mandelson resigned from the Labour Party following new media reports linking him to disgraced financier Jeffrey Epstein.
- •Mandelson stated he did not want to cause "further embarrassment" to Labour, as allegations of financial payments from Epstein resurfaced.
- •He was previously fired as Britain's ambassador to the U.S. last year due to earlier revelations about his Epstein connections.
- •Mandelson denies allegations of financial payments from Epstein, vowing to investigate them.
- •His resignation comes as Labour leader Keir Starmer called for Prince Andrew to testify regarding his Epstein links.
Why It Matters: Peter Mandelson resigned from Labour to avoid embarrassing the party over renewed Jeffrey Epstein ties.
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