This morning Labour put Geoffrey Robinson on to run up the white flag with the business leaders who have backed the Conservatives on National Insurance. That looked like wise and sensible politics, and he did it professionally. He told us the= business leaders were great guys who had a point of view, and that in one sense all taxes are taxes on jobs.
So why then did Lord Mandelson chose this same moment to attack Mr Diamond of Barclays? Unsubsidised banks are businesses too, as the Today interviewer spotted. Is Labour losing its touch? Is it rattled by the success of the first new tax cut of the campaign?
If Lord Mandelson is serious about rebuilding links with business, and if he wishes to stop the flow of new investment, company headquarters and new jobs to overseas countries with lower tax rates, he should announce an end date for the 50p Income Tax rate.