Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, with reference to the letter from the Permanent Secretary to the hon. Member for Thirsk and Malton, dated 24 November 2025, whether the measures allow Tim Allan to potentially benefit from a rise in the value of his shares in Strand Partners.
Before his appointment as a special adviser, Mr Allan sought and received advice on his interests. He has followed every element of the advice received.
Mr Allan has formally waived his rights as a shareholder over any matter requiring consent or approval of investors, as well as rights to receive shareholder information. He has also waived his rights to receive any dividend, and will not receive any share options. He agreed not to increase his shareholdings in Strand Partners during his time as a special adviser. Mr Allan has recused himself from engagement with Strand Partners in relation to the firm’s business, and from involvement in any procurement relating to Strand Partners during his period of employment. He retains an investment in the company.