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Lord Mandelson: fired as ambassador at 10.30am, then 'sacked' by his own firm 1hr 9mins later, as Global Counsel eyed a 'strong commercial benefit' to ditching the Labour peer who built the company to make his fortune

Lord Mandelson's own firm rushed through his 'sacking' just minutes after he was fired as Britain's ambassador to Washington, as Global Counsel's clients feared being 'tarnished'.