Toby Young Toby Young

Status Anxiety | 1 November 2008

I suspect Nat Rothschild was acting as a lone gunman, not as part of a conspiracy

issue 01 November 2008

I am surprised by how ready my journalistic colleagues have been to accept Nat Rothschild’s public explanation of why he behaved as he did. According to him — and his anonymous ‘friends’ quoted in the press — he was furious that George Osborne broke the time-honoured rule whereby guests at upper-class house parties are obliged to respect the privacy of their fellow guests and not talk about anything that was said or done in the press. What happens in Corfu stays in Corfu.

While such a rule undoubtedly exists, the usual punishment is simply to cross the offender off your Christmas card list, not to write a letter to the Times. To rebuke someone so publicly — and, in the process, disclose a private conversation that person had with another of your guests — is to be guilty of precisely the same infraction yourself. Osborne’s sin was talking to the press, not betraying the confidence of a fellow guest. By committing that same sin himself, Nat will have attracted at least as much disapproval among Britain’s Bufton Tuftons as Osborne.

So why did he act as he did? What is the real explanation? Some have suggested he was trying to ingratiate himself with Oleg Deripaska, the Russian oligarch he accused Osborne of soliciting a donation from. But that cannot be his motive because the story has done nothing but harm to Deripaska. What prominent public figure is going to have anything to do with him now? Nat was, in effect, trying to smear Osborne by claiming he had got too close to a dodgy Russian billionaire — hardly the best way to ingratiate yourself with the dodgy billionaire in question.

A more plausible explanation is that Nat was simply doing the bidding of Peter Mandelson.

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