The Lib Dem who saved George Osborne

Now here is a heart-warming tale of goodwill and political selflessness to start this cold winter day, a story of how a Lib Dem turned away an extraordinary piece of Tory intelligence and helped scupper Gordon Brown’s election plans.

Who is the man of honour in this a place of skulduggery and low politics? Arise Mike Hancock, the maverick Lib Dem MP for Portsmouth South.

Over the years, a lot of Tory documents have gone astray in Hancock’s email account because his address is perilously similar to that of Matt Hancock, George Osborne’s ubiquitous chief of staff. Most of the misdirected mail never amounted to much and Hancock passed it on to to its rightful recipient.

But then, in the autumn of 2007, against the drumbeat of a calls for a snap election, a CCHQ staffer sent Mike Hancock one of the Tory policy crown jewels: the plan to lift the bar on inheritance tax. It was days before the Tory party conference. Leaking it would have stolen Osborne’s thunder and tilted the scales in favour of an early election the Tories were desperate to avoid.

What did he do with the Tory state secret? He sent it back. The email said “I think this is yours”, or some such. The Osborne policy was unveiled without a blip.

The Tories always presumed Mike Hancock never realised he had political gold in his inbox. But when I called Hancock to ask about this stunning tale, he was happy to admit he knew the value of the email — he just didn’t want to use it.

“I did only what I expect others to do to me,” he told me, as the sweet strings of a harp struck up in the background. “It was private. I didn’t keep it. Mistakes are easily made.” He insisted I report that I heard about this through some Tory sources, just in case people thought he was “crowing about it”.

Did he let his leader know? “I never told anyone. My office knew. But everyone was rather surprised that I returned it.” They are not the only ones.

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Contact the Westminster blog team: Jim Pickard, Kiran Stacey, Nicholas Timmins, Elizabeth Rigby and Helen Warrell.

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The authors

Jim Pickard joined the lobby team in January 2008. He has been at the Financial Times since 1999 as a regional correspondent, assistant UK news editor and property correspondent.

Kiran Stacey is an FT political correspondent, having joined the lobby in 2011. He started at the FT as a graduate trainee in 2008, working on desks including UK companies and US equity markets before taking over the FT's Energy Source blog.

Contributors

Elizabeth Rigby, the FT's chief political correspondent, joined the lobby team in September 2010. Elizabeth has worked at the FT for more than a decade and was most recently its consumer industries editor.

Helen Warrell is the FT's UK reporter, covering home affairs, crime and policing. She joined the FT in 2008 and has spent time as a reporter in the Brussels bureau and more recently, editing the paper's Asia coverage on the world news desk.

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