Damian McBride compared his activities as Gordon Brown's spin doctor to those of a "rogue trader in the 1980s", saying Labour leaders were unaware of the way he operated.
McBride told ITV's Daybreak: "I'd compare it to when we had some of the rogue bankers ... people weren't asking enough questions about how they were making their profits."
More top news
A list of commemorative events as the UK marks a decade to the day 52 were killed and hundreds injured in London terror attacks.
Larger stores could be allowed to open beyond the current six-hour limit on Sundays under a relaxation of rules in Wednesday's Budget.
IS is now attracting women and whole families as well as young men - but will any return to carry out another 7/7?