PM proposes guidelines banning political consultancy gigs
The leader of the Liberal Democrats Sir Ed Davey has stepped down from his role as a advisor at Metropolis regulation agency Herbert Smith Freehills (HSF) amid the political uproar about MPs’ second jobs.
A Liberal Democrats spokesperson confirmed Davey had resigned from his role at HSF and has additionally give up as a member of the advisory board at asset managers NextEnergy Capital.
The previous power secretary reportedly earned £78,000 for ten hours of advisory work throughout the 2 corporations every month, along with his MP wage of £81,932.
At HSF he acquired £5,000 for six hours a month to advise on political points and coverage evaluation, in line with the register of members’ financial interests.
“Ed decided to end both of his consultancy contracts last week,” the spokesperson mentioned. “He has always been clear that the earnings from the work he did advising on climate change issues are used to fund the care for his severely disabled son over his son’s lifetime.”
They added: “Ed has always and will always comply with all rules and standards on these matters.”
Davey’s resolution comes as Prime Minister Boris Johnson yesterday proposed banning MPs working extra paid jobs as political consultants and lobbyists.
The previous Lawyer Normal Sir Geoffrey Cox hit headlines just lately over the hundreds of thousands he reportedly made while finishing up authorized work alongside his parliamentary duties. Cox, a practising barrister since 1982 and Queen’s Counsel since 2003, is claimed to have acquired greater than £800,000 for his work as a advisor for regulation agency Withers.
HSF declined to remark.