Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Lord Taylor of Holbeach (Conservative) on Wednesday, 16 March 2011.

Government: Commercial Interests

Question: To ask Her Majesty’s Government whether all Ministers with commercial interests have sold their investments or placed them in trusts with no restrictions on their trustees' ability to sell the investments.

Answer: Ministers manage their financial interests in line with the requirements of the Ministerial Code which makes clear that Ministers must ensure that no conflict arises, or could reasonably be perceived to arise, between their public duties and their private interests, financial or otherwise. A blind trust is a well established mechanism for ensuring individuals are not involved in any decisions on the management, acquisition or disposal of items in the trust. A list of Ministers' interests was published by the Prime Minister on Friday 4 February (Official Report, col. 60WS).

Secondary information

Type: Written question
Reference: 6663; 726 c69-70WA
Session: 2010-12
Related items: Ministerial Interests
Friday, 4 February 2011
Written statements
House of Commons
Subjects: Members' interests Ministers
Link: View this Written question on www.publications.parliament.uk