Boris on how Mandleson can save the city

Couldn't help but notice the banner headline across the top of the Telegraph with Boris Johnson saying that only Peter Mandleson can help us in this crisis.

Can this be true.Boris standing up for the Prince of Darkness?

Well it is? Boris,standing up for his beloved City of London, is unhappy about

the latest insult to this country, we read that the lions of the FTSE-100 are leaving the Pride Lands of London and decamping to Dublin, or Luxembourg, or Zug, for heaven's sake. There will be those who think these defections are nothing short of treachery.

And only Peter Mandleson can help apparently.This latest outrage is comparable to the Royal family leaving London during the Blitz and Mandy can be our saviour as the new Business Secretary pointing out that

For the past two years, the Government has been mulling over changes to the tax regime, ostensibly designed to crack down on avoidance of tax payable on the profits of overseas subsidiaries. In a nutshell, the idea is for Gordon to get his hands on more of the booty, when profits are repatriated to London.

and Mandy with his free market hat on can put this to bed

The net effect of the change to tax on overseas subsidiaries is to make London less attractive as a place to locate your HQ - and that, in the current climate, is the last thing we need. Now is the moment to be doing everything we can to make London more competitive, not less.