You can't say they don't have a sense of humour at the Spectator. George Osborne was presenting their political awards today and he found himself at a table with Peter Mandelson, who won "newcomer of the year".
Iain Dale was there to witness their reconciliation and ConservativeHome has done a live blog of the ceremony, complete with all the winners.
According to the ConservativeHome account, Osborne had a neat joke to disguise his embarrassment.
Newcomer of year is Peter Mandelson. Mr O looks distinctly uncomfortable presenting it! "It's good to be back on board as they say in Corfu," says Lord M accepting.
"For next year's holiday," replies Mr O, "we'll be holidaying in the North Sea off Hartlepool - a place neither of us have visited for a long time."
