Lord Laidlaw may have good reasons why he has not returned to the UK as he promised when he was put up for a peerage. The food is much nicer in Monaco after all and he may need to work on his tan.

Nevertheless, if he is going to honour his promise he should get a move on. If the retired billionaire can’t be bothered to come back he should never have been put up for a peerage.

Robert Peston broke the story. Guido wonders if he got the tip from the Labour peer, Baron Peston?

Guido will be reporting soon on one of Gordon’s favourite businessman and his use of Cayman Islands offshore vehicles. Gordon likes him so much he even backed him for a peerage….