Peter Mandelson to Exit House of Lords Amid Epstein File Revelations

• Peter Mandelson will step down from the UK's House of Lords following new revelations linking him to convicted sex offender Jeffrey Epstein.
• Mandelson informed parliamentary authorities of his intention to retire, confirmed by Speaker Michael Forsyth.
• No. 10 Downing Street announced plans to draft legislation for his removal and referred material to the police regarding Mandelson sharing government policy deliberations with Epstein.
• The Metropolitan Police are reviewing allegations of misconduct in public office.
• The Epstein file documents reportedly contain market-sensitive information about the 2008 financial crash, raising concerns about compromised safeguards.

Why It Matters: Peter Mandelson is stepping down from the House of Lords due to links with Jeffrey Epstein and policy leaks.