What exactly did MPs approve regarding the Mandelson files?

MPs supported releasing documents on Peter Mandelson’s appointment, while routing sensitive material through the Intelligence and Security Committee to protect classified content. The government accepted the plan after pressure in Parliament. This creates transparency on the decision process, with safeguards for security-sensitive details, and sets a clearer path for staged disclosures that markets can track.

How could this affect GBP/CAD for Canadian investors?

Rising UK political risk can pressure sterling, which may pull GBP/CAD lower. That can hurt unhedged returns on UK assets. Consider partial hedges, laddered entries, or using CAD-hedged share classes in funds. Watch official timelines and statements, which can quickly shift FX sentiment as clarity improves or declines.

What is the Intelligence and Security Committee’s role here?

The Intelligence and Security Committee is a cross-party parliamentary body that can review sensitive national security material. In this case, it would handle classified parts of the Mandelson files, aiming to protect sources and methods while enabling oversight. Strong, clear ISC processes can reduce uncertainty and support market confidence over time.

What should investors watch over the next few weeks?

Focus on official timelines for document releases, ISC signals on process, and cross-party statements on governance. Also watch for any updates on alleged market-sensitive leaks and controls. If keir starmer provides steady, dated milestones, the uncertainty premium on GBP, gilts, and UK equities could ease sooner.

Law and Government

Keir Starmer Crisis, February 5: MPs Back Release of Mandelson Files

ByHuzaifa Zahoor February 5, 2026February 5, 2026

Keir Starmer is under pressure after MPs backed plans on February 5 to release Mandelson files and route sensitive papers through the Intelligence and Security Committee. Reports say police are probing alleged market-sensitive leaks linked to Jeffrey Epstein. The move raises UK political risk and could weigh on GBP, gilts, and UK equities. For Canadian investors, policy timelines, oversight strength, and FX swings matter. We explain what changed, why it matters, and how to position amid uncertainty.