On 23 December 1998, Peter Mandelson resigned from Tony Blair's cabinet. A leading figure in the New Labour movement and close friend of the prime minister, Mandelson had become the centre of a scandal after it emerged he had bought a home in Notting Hill in 1996 partly with an interest-free loan of £373,000 from fellow cabinet minister Geoffrey Robinson, whose business dealings were being investigated by Mandelson's department. While Mandelson maintained that he had deliberately not taken part in any decisions relating to Robinson, he had failed to declare the loan in the Register of Members' Interests. Mandelson's departure was seen as the first major scandal weathered by Britain's New Labour government. As many expected given his influence in the Labour Party and his close working relationship with Tony Blair, Mandelson's spell in the wilderness did not last long. He would return to government in under a year.
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