Editor's blog: Mandelson's credibility problem

It's a bit rich for this Government to start preaching to institutional investors about long-term thinking.

Last Updated: 31 Aug 2010

The tireless Mandelson is at it again. This time he’s summoned big institutional investors to a summit to give them a wigging about their role in City takeovers. The FT reports that shareholders are bracing themselves for Lord M to put the heat on them not to sell 'their shares for short term gain, and to put more weight on the long-term prospects of companies in which they invest'. You’d burst out laughing if it wasn’t enough to make you weep. It really is cute that suddenly Mandelson and New Labour are coming over all Germanic in their outlook: serious, conservative and looking to the long term. He has a serious credibility problem here, though. Despite the downturn and the need to adapt attitudes towards business, the Government cannot have it both ways. The way in which this regime has allowed its tune to change from laissez-faire to interventionist does not compute... [CLICK HERE TO READ MORE AND COMMENT]

In today's bulletin:

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Feast your mince pies on these figures, says Greggs
Editor's blog: Mandelson's credibility problem
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