You are reading a single comment by @hugo7 and its replies. Click here to read the full conversation.
  • In theory the shareholding didn't need to be declared on the HoP register, according to the rules it's only shareholdings over £70k publications.parliament.uk/pa­/cm201516/cmcode/1076/107604.htm Paragraph 51.

    Read 55.

    Any relevant financial interest or material benefit which does not clearly fall into one of the other categories, including any shareholding which falls below the relevant threshold, or any other financial asset, including an asset held in trust, if the Member nevertheless considers that it meets the test of relevance; in other words, that it might reasonably be thought by others to influence his or her actions or words as a Member...

    It was relevant enough that he sold it when he became PM, but not relevant enough that he declared it while an MP.

  • That's a weak argument.

    Even if he still had the shareholding, what about that might reasonably by him or others to influence his actions as an MP or PM?

  • That's a weak retort considering that Cameron himself explained that this was the reason he sold the shares.

    he said he sold up before entering Downing Street “because I didn’t want anyone to say you have other agendas or vested interests”.

    Owning bearer shares in an off-shore trust run by his father could be benign. But the requirement isn't that they "possibly be benign" but "that it might reasonably be thought by others to influence his or her actions or words as a Member."

About

Avatar for hugo7 @hugo7 started