Peter and the wolves: Mandelson falls but Epstein scandal spreads

Summary of Peter and the wolves: Mandelson falls but Epstein scandal spreads

by The Economist

20mFebruary 4, 2026

Overview of The Intelligence from The Economist

This episode of The Intelligence (hosts Jason Palmer and Rosie Bloor) covers three main stories: the widening fallout in Britain from newly released Jeffrey Epstein documents — focusing on veteran Labour figure Peter Mandelson; why Ryanair remains Europe’s dominant low‑cost carrier and its future prospects; and new research on same‑sex sexual behaviour across animal species suggesting social and environmental drivers. The show also includes brief interviews with Duncan Robinson (Britain political editor), Simon Wright (industry editor), and Bella King (news desk), plus standard sponsor spots.

Key segments and takeaways

1) Peter Mandelson and the Jeffrey Epstein revelations

  • Who: Peter Mandelson — a central architect of New Labour, former EU trade commissioner and long‑time political operator.
  • What emerged: Newly released emails and documents show a close, affectionate correspondence between Mandelson and Jeffrey Epstein, plus images (including a described photo of Mandelson in his underwear). Allegations include Epstein paying for an osteopathy course for Mandelson’s partner (now husband).
  • Most damaging detail: Mandelson appears to have sent confidential government memos intended for the prime minister to Epstein — raising questions about possible breaches of official secrecy.
  • Consequences to date:
    • Mandelson has resigned from the Labour Party and stepped down from the House of Lords (though he remains technically a peer; stripping that honour would require legislation).
    • Police are investigating whether his behaviour while in government violated the law — criminal proceedings are possible.
    • Mandelson denies wrongdoing.
  • Political impact: The scandal embarrasses Prime Minister Keir Starmer, who had appointed Mandelson as ambassador to the US — an unusual political appointment of a seasoned party operative rather than a career diplomat. It undermines Starmer’s “clean‑hands” reputation and raises questions about judgement in senior appointments.

2) Ryanair’s success and Michael O’Leary’s strategy

  • Context: Simon Wright explains why Ryanair has become Europe’s largest and most profitable low‑cost airline.
  • Key strengths:
    • Scale: Fleet ~640+ aircraft; projected to carry ~208 million passengers in the financial year ending April.
    • Profitability: Net margins around 15% vs. global airline average ~4%; shares up ~130% since early 2023.
    • Cost model: Single‑type fleet (Boeing 737) reduces maintenance/training costs; intense focus on ancillary revenues and ultra‑low fares.
    • Opportunism: Moves into markets where legacy carriers struggle or withdraw (e.g., Alitalia, SAS), gaining market share quickly.
    • Fleet renewal: Order for up to 300 Boeing 737 MAX 10s (deliveries from 2027) aimed at supporting growth to 300 million passengers by 2034.
  • Cultural/market effects:
    • Ryanair’s relentless cost discipline and ancillary fees have pushed legacy carriers to adopt similar revenue strategies (fees for bags, food, etc.).
    • Public reputation remains mixed — low fares but often poor customer experience.
  • Recent anecdote: Public spat with Elon Musk over Starlink; Musk mocked O’Leary, who responded with a promotional “idiot” sale — a sign of O’Leary’s PR-savvy approach.

3) Same‑sex sexual behaviour across animals — new correlational study

  • Research overview: Bella King summarizes a study (Imperial College) compiling records of same‑sex behaviour across many species (over 1,500 species documented overall; the study reviewed 1,000+ publications and hundreds of primate records).
  • Main findings:
    • Same‑sex sexual behaviour is more common in harsher environments (extreme cold/dry climates) and in regions with more predators.
    • It is more frequent in species that show pronounced sexual dimorphism (males larger than females), longer lifespans, larger group sizes, and more stratified social hierarchies.
  • Interpretation: These correlations support the hypothesis that same‑sex behaviour serves social functions — bonding, reducing conflict, strengthening group cohesion and coordination (e.g., cooperative anti‑predator responses).
  • Limitations: The findings are correlational; the field is under‑researched and historically biased or hampered by human cultural framing. The results suggest plausible functions but stop short of definitive proof.

Notable quotes and framing

  • “It is a remarkable scandal” — on a senior government figure forwarding private information to Jeffrey Epstein.
  • Keir Starmer’s predicament: the episode frames the controversy as a direct hit to Starmer’s central political selling point — being “different” and cleaner than past politicians.
  • On Ryanair: “Ryanair makes an awful lot of money” — encapsulates the podcast’s assessment of O’Leary’s ruthless but effective business model.
  • On animal behaviour: same‑sex behaviour is “an important part of primates’ social repertoires” — highlighting the behavioural significance beyond reproductive explanation.

Implications and what to watch

  • UK politics:
    • Potential criminal investigation into Mandelson: follow police announcements and any charging decisions.
    • Political fallout for Starmer: monitor internal Labour reaction, public opinion polling, and calls for accountability regarding the ambassadorial appointment process.
  • Aviation:
    • Ryanair’s expansion (737 MAX 10 deliveries from 2027) and market moves could reshape European capacity and pressure legacy carriers further.
    • Watch for regulatory scrutiny or competitive reactions as Ryanair grows.
  • Science:
    • Expect more targeted behavioural and ecological studies to test causal links between environment, social structure and same‑sex behaviour across species.

Further context / production notes

  • Guests: Duncan Robinson (Britain political editor), Simon Wright (industry editor), Bella King (news desk).
  • The episode contains standard sponsor segments (Quo, Dell, Sleep Number, Economist writing course, QuickBooks, Grammarly).