Members’ Paid Directorships and Consultancies

Martin Horwood Excerpts

Wednesday 25th February 2015 Commons Chamber

[Martin Horwood (Cheltenham) (LD)]

I have no relevant interest to declare, which makes me feel like a bit of a poor relation in this debate. I find being a Member of Parliament a full-time job, and with a salary that is some three times the national average, I hardly think we are poverty-stricken in this place.

It is a shame that at the beginning of the debate things instantly degenerated into party political point scoring, points of order, procedural manoeuvring and personal accusations. Our constituents really expect better. Later contributions, including those of my hon. Friend the Member for Wells (Tessa Munt) and the hon. Members for Sherwood (Mr Spencer), for Bracknell (Dr Lee) and for Easington (Grahame M. Morris), were much more measured, and that is to be welcomed.

The Government amendment is good as far as it goes, but for me it implies too much acceptance of the status quo, and I do not think the status quo is acceptable. I cannot, though, support the Labour motion, which is far too simplistic. Reference has already been made to the fact that it excludes partnerships, farmers, broadcasters, journalists, and writers like the Leader of the House. I am very impressed that he managed to find time to write an acclaimed biography of Pitt. I have not had time to read it, so how on earth he found time to write it, I do not know.

My background was in business and in the charity sector. My new Conservative opponent is a barrister in London chambers. If the people of Cheltenham were so rash as to elect him in May, he would be completely unaffected by what is proposed in this motion. He would be able to continue earning very large fees as a barrister, whereas I would be ruled out of becoming a director in a business. I do not understand what is so special about paid directorships. The motion would prevent, for instance, the retention of a directorship in a small local family business, even if it took hardly any time from the Member’s parliamentary business, but allow unpaid directorships that might carry with them significant equity shareholdings that could result in a significant increase in wealth, if not technically in income. I am afraid that this looks like a well-intentioned motion that was written in a hurry and, I venture to say, by a party with a beginner’s knowledge of business.

The key issues that need to be addressed are conflicts of interest and the time that we devote to parliamentary business. They must be addressed in a way that is not the subject of silly party political point scoring—so it will have to take place after the election—and without our being seen once again to mark our own homework. The hon. Member for Cities of London and Westminster (Mark Field) suggested the Independent Parliamentary Standards Authority for the role. An alternative would be the Standards Committee, but with increased representation from lay members who could look at this with a strong external voice. That would command the confidence of the public and the electorate, and we certainly need that confidence.