You can read our full story here on ft.com about Fred Goodwin losing his knighthood. Here is my backgrounder on other well-known names who lost their honours.

Meanwhile here is the Cabinet Office statement:

It will soon be announced in the London Gazette that the Knighthood conferred upon Fred Goodwin as a Knight Bachelor has been cancelled and annulled.

This decision, not normally publicised in advance, was taken on the advice of the Forfeiture Committee, which advised that Fred Goodwin had brought the honours system in to disrepute.

The scale and severity of the impact of his actions as

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I wrote in this morning’s FT about how Lord Mandelson has sidestepped a new requirement for peers to disclose certain business clients after exploiting a loophole in the system. As I wrote:

He had been expected to be among a wave of peers to publish a full list of their clients under new rules voted through the House of Lords last November.

But the former Labour business secretary has avoided any need to do so after simply moving his advisory firm, Global Counsel, from one category to another on the Lords register.

The company was previously registered under Mandelson’s name under “category one”, indicating a directorship.

But by shifting Global Counsel to “category 2”, which covers “remunerated employment”, Lord Mandelson no longer strictly has to provide this information.

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