Tradingfxdaily.com
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar
No Result
View All Result
Tradingfxdaily.com
No Result
View All Result
Home World News

‘Can’t be right’ that ministers enjoy looser rules for financial interests than MPs, says standards tsar

tradingfxdaily by tradingfxdaily
January 14, 2023
in World News
0
Boris Johnson joked No 10 party was ‘most unsocially distanced in UK’
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Sign up to the Inside Politics email for your free daily briefing on the biggest stories in UK politics

Get our free Inside Politics email

Current rules allowing government ministers to enjoy less scrutiny of their financial interests than backbench MPs “can’t be right”, parliament’s outgoing standards chief has said.

Appointed commissioner for standards in 2017, Kathryn Stone’s term came to an end in December, after a bruising series of high-profile investigations into ex-Commons speaker John Bercow and former Tory MP Owen Paterson, whose case triggered the collapse of Boris Johnson’s premiership.

Related articles

The hidden value in ‘urban mining’

The hidden value in ‘urban mining’

February 6, 2023
Rishi Sunak ‘prepared to withdraw from European Convention on Human Rights’

Rishi Sunak ‘prepared to withdraw from European Convention on Human Rights’

February 5, 2023

In her first interview about the role, Kathryn Stone said that one of her “real frustrations” has been failing to persuade the government to ensure that those in both MP and ministerial roles are held equally accountable.

But the retiring watchdog hailed the “hugely important” move to hand the members of the public who sit on the Commons standards committee, known as “lay members”, the power to vote on investigations, enacted after its MPs blocked her attempt to probe bullying claims against Mr Bercow in 2018.

And speaking after revelations that Tory MPs have pocketed a total of £15.2m on top of their salaries since 2019, Ms Stone hit out at parliamentarians for whom being an MP is their “second, third or fourth job”.

While ordinary MPs have to register their financial interests with the standards commissioner within 28 days, with a new list published every fortnight, ministers can choose to declare some gifts and hospitality under their department’s name instead, in less detailed lists published quarterly.

This “ministerial exemption” saw Mr Johnson opt not to declare a free holiday at Zac Goldsmith’s luxury Spanish villa in 2021, enabling him to keep the gift’s value private.

Meanwhile, his home secretary Priti Patel took five months to declare attending the No Time To Die premiere as a guest of the Jamaican tourist board, resulting in an ally suggesting she used the “exemption” because the nature of the fictional film related to her ministerial role.

Kathryn Stone warns that ministers are more ‘at risk of there being a perception of influence’

(Parliament TV)

“One of my real frustrations has been not being able to persuade government, parliament about the need to have a kind of equality of arms, if you like, between ministers’ financial interests, and backbench MPs’ financial interests,” Ms Stone told The Times.

“For me, it can’t be right that ministers are held to a different level of accountability. In fact, a lower level of accountability than backbench MPs. That can’t be right because ministers are in an elevated position and much more, it seems to me, at risk of there being a perception of influence.

“And I really do believe that ministers should be held to the same level of accountability as backbench members of parliament.”

MPs on the standards committee are in agreement, having repeatedly called on the government to close the accountability gap, most recently last May, as part of a series of recommendations aimed at cracking down on “sleaze” in the wake of the scandals involving Tory MPs Geoffrey Cox and Mr Paterson.

The committee also called for a ban on MPs acting as consultants, providing “paid parliamentary advice or strategy services”, a move backed in September by Liz Truss’s short-lived government.

Ms Stone was supportive of MPs having other paid roles, however, saying that their “outside interests can bring a very rich seam of knowledge, skill and experience” to Westminster.

“When it tips over to the point where being a member of parliament is your second, third or fourth job, then that’s problematic for me,” said Ms Stone.

“And it’s also problematic for members of the public who elect a representative and expect their interests to be the priority of the member of parliament and not somewhere down the pecking order.

“So I think when MPs are thinking about outside interests, there needs to be a consideration of what that means for their ability to carry out their democratically elected mandate here, which brings enormous responsibility and is an enormous privilege.”

Source link

Share76Tweet47

Related Posts

The hidden value in ‘urban mining’

The hidden value in ‘urban mining’

by tradingfxdaily
February 6, 2023
0

Source link

Rishi Sunak ‘prepared to withdraw from European Convention on Human Rights’

Rishi Sunak ‘prepared to withdraw from European Convention on Human Rights’

by tradingfxdaily
February 5, 2023
0

Sign up to the Inside Politics email for your free daily briefing on the biggest stories in UK politicsGet our...

Domperidone ‘crippled me’: Canadians reflect on withdrawal symptoms after use – National

Domperidone ‘crippled me’: Canadians reflect on withdrawal symptoms after use – National

by tradingfxdaily
February 5, 2023
0

After giving birth to her son on April 18, 2021, 38-year-old Jennifer Ferger in Victoria, B.C., had difficulty producing breast...

Burst pipes around Nova Scotia have plumbers scrambling to keep up

Burst pipes around Nova Scotia have plumbers scrambling to keep up

by tradingfxdaily
February 5, 2023
0

Gavin Hankin of Halifax Plumbing and Heating wasn't looking forward to Sunday." is going to be catastrophic because these ...

SEC’s Gensler weighs scaling back climate rule as lawsuits loom

SEC’s Gensler weighs scaling back climate rule as lawsuits loom

by tradingfxdaily
February 5, 2023
0

Officials at the SEC stress that no decision has yet been made. How much the agency might ease up on...

Load More
  • Trending
  • Comments
  • Latest
Short SPX: Top Trade Opportunities

Short SPX: Top Trade Opportunities

April 5, 2022
The Top 5 Metaverses to Look Out for in 2022

The Top 5 Metaverses to Look Out for in 2022

March 26, 2022
What is Leverage in Forex? Forex Leverage Explained

What is Leverage in Forex? Forex Leverage Explained

April 19, 2022

Larry Fink says globalization is over — Here’s what it means for the markets

March 26, 2022
Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

Tesla Stock Split: What to Know as EV Maker Prepares to Split Its Stock in 2022

March 28, 2022
Sanctioned or not, Russians abroad find their money is ‘toxic’ By Reuters

Corporate financial health to worsen, says Janus Henderson By Reuters

0

In a Less-Globalized World, Be Careful Where You Park Your Plane

0
Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next? By Cointelegraph

0

Larry Fink says globalization is over — Here’s what it means for the markets

0
Natural-Gas Industry Gets Boost as Biden Shifts Stance

Natural-Gas Industry Gets Boost as Biden Shifts Stance

0
Sanctioned or not, Russians abroad find their money is ‘toxic’ By Reuters

Corporate financial health to worsen, says Janus Henderson By Reuters

February 6, 2023
London emerges as world’s most crypto-ready city for business — research

London emerges as world’s most crypto-ready city for business — research

February 6, 2023
Public Storage Bids for Rival in Unsolicited $11 Billion Offer

Public Storage Bids for Rival in Unsolicited $11 Billion Offer

February 6, 2023
ForexLive Asia-Pacific FX news wrap: USD/JPY falls after Tokyo CPI rises

Australia data – monthly headline inflation (from MI) +0.9% m/m, core also +0.9% m/m

February 6, 2023
The hidden value in ‘urban mining’

The hidden value in ‘urban mining’

February 6, 2023
Tradingfxdaily.com

Tradingfxdaily.com is your Forex, Stock News, World News, Crypto Currency News, Business News & NFT News Website. We provide you with the latest breaking news and videos straight from the Trading industry.

  • Home
  • About us
  • Contact Us
  • Privacy Policy

© 2022 - All Right Reserved. tradingfxdaily.com

No Result
View All Result
  • Home
  • Forex
  • Crypto News
    • NFT News
  • World News
  • Business
  • Stock Market
  • Economic Calendar

© 2022 - All Right Reserved. tradingfxdaily.com

EURUSD=X 
$1.08  -0.08%  
EURCAD=X 
$1.45  0.02%  
EURJPY=X 
$142.63  0.71%  
GBPUSD=X 
$1.20  -0.20%  
EURNZD=X 
$1.71  0.18%  
AUDUSD=X 
$0.6912  -0.18%  
CADUSD=X 
$0.7460  -0.10%