Lord Mandelson is one of the best-known figures in British politics, having served in multiple ministerial roles under Tony Blair and Gordon Brown before taking up a life peerage in the Lords.

The Labour grandee, who served in multiple ministerial roles under Tony Blair and Gordon Brown before taking up a life peerage in the Lords, was considered to be one of the frontrunners for the position.

The former civil servant, who sprang to fame with her 2022 report into the Partygate scandal, is expected to be among a raft of new Labour peerages to be announced on Thursday.

JK Rowling has revealed she turned down two offers of a peerage in the House of Lords and would turn down a third.

Owen became the youngest person ever to receive a life peerage, at the age of 29, after just six years at Westminster in relatively junior roles.