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Lord Peter Mandelson is facing a criminal investigation from the Met Police after appearing to pass market-sensitive information to paedophile financier Jeffrey Epstein while serving as business secretary.

It is the latest development in the growing crisis engulfing the former US ambassador, who has resigned from the Labour Party and will leave the House of Lords after further details of his friendship with the convicted felon emerged in the so-called Epstein files.

The Conservatives will seek to force the government to release all papers relating to how Lord Mandelson got the Washington job as Sir Keir Starmer faces MPs for Prime Minister’s Questions on Wednesday.

The prime

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