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The silly season is upon us and the story that Peter Mandelson is hovering over a safe seat in the Commons with an eye on the premiership had a certain air of inevitability about it. William Rees-Mogg tipped some coal on the fire yesterday, suggesting Mandy’s aides briefed the Sunday Telegraph on the story, although it was really only a matter of time before someone somewhere dreamed it up.

For all his charms Mandelson would never win an election. He wouldn’t even tangibly limit the electoral damage David Cameron will inflict on Labour in 2010. He is unloved by voters and travels light on policy; his real skills lie in organising the party’s communications and strategy. He’s a Gerrard rather than a Rooney.

However in the aftermath of the next election I could see Mandy as an excellent caretaker leader. Harriet Harman may have been heading in the right direction in the gist of her comments over men and women this week, but the way she expressed them reminded us of just what a divisive figure she is.

Jack Straw and Alan Johnson would be, I imagine, less enthusiastic about grasping the poisoned chalice after a heavy defeat at the polls. Mandelson would have the strength of character and the political nous to stabilise the party while it began patching up its wounds. If I was the betting type I’d put money on Mandy running the party for a couple of years after 2010.

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