"...of no consequence to anyone..." is how Michael Heseltine is trying to explain away George Osborne's fascination for Russian oligarchs...and yet, it would be if it was a Labour politico and the Daily Mail was circling maliciously.

It actually is of no consequence to anyone anyway; what happens when Bullingdon Club members fall out is flatly irrelevant to the country (although I do like the sound of 'when Bullingdon club members fall out', said in a certain way it does have the ring of a fairly racy 1950's novel).

Yet, and is n't there always one of these, it does appeal to my karmic sense of justice. George Osborne gleefully told tales and stoked the bile of the right wing press with tales of Peter Mandelson, and now the shoe is most definitely on the other foot. What goes around comes around.

I can only wonder if other indiscretions are waiting to break over Mr Osborne's rather smug face, indignantly wounded as he may seem right now. As the Daily Mail would proclaim in banner headlines about any other politician who was n't a Tory - "no smoke...etc..."