Mandelson’s lobbying firm Global Counsel went bust owing £4.6m, report says

HMRC owed more than £640,00 by company that advised clients such as TikTok, GSK and Palantir

Peter Mandelson’s former consultancy business, Global Counsel, went bust owing £4.6m – including more than £600,000 to the taxman – a report by the group’s administrators reveals.

The company, which provided advice to high-profile clients including Chinese-owned TikTok, US tech business Palantir and UK pharmaceutical firm GSK, collapsed into administration in February, after it lost a series of accounts over the peer’s relationship with the convicted child sex offender Jeffrey Epstein.