According to a damned report on the influence on British politics, peers are said to have exposed Russia or China's wages in the long-awaited crackdown
- Lords members must declare payments from foreign governments
- The new rule was proposed by the Intelligence and Security Committee
- The move could hit a number of senior colleagues, including former ministers
Peers paying Russia or China will be forced to disclose their earnings in a long-awaited process.
For the first time, members of the House of Lords are required to declare all payments received from foreign governments or companies controlled by overseas states.
The rule was proposed by the Intelligence and Security Committee in its damn report on Russian influence over British politics and will be proposed to the House of Lords later this month by its Conduct Committee.
It could hit a number of high-ranking colleagues, including former ministers who have worked for companies either run by the Kremlin or linked to allies of Vladimir Putin – but so far have been allowed to keep their earnings secret.
For the first time, members of the House of Lords are required to declare all payments received from foreign governments or companies controlled by overseas states. Pictured: Putin and Xi Jinping
A Lords spokesman said last night: “The committee takes very seriously the issues raised by Members of the House who work with foreign governments and associates.
"It has already considered initial options and intends to make recommendations to the House in the coming weeks."
According to the House of Lords Code of Conduct, peers are required to declare paid and unpaid employment.
But unlike MPs, they don't have to put the amount of money they receive on the Register of Lords' Interests.
The loophole has raised suspicions that some peers who are not paid for their parliamentary work could make most of their money from corporations in hostile states.
In September, former Tory climate protection minister Lord Barker of Battle (pictured) was revealed to have received £ 6 million from EN +, an aluminum giant partially controlled by billionaire oligarch and Putin ally Oleg Deripaska
The July ISC report warned, “It is noteworthy that a number of members of the House of Lords have business interests related to Russia or work directly for large Russian companies related to the Russian state. These relationships should be carefully examined, given the potential for the Russian state to exploit them. & # 39;
It called for more transparency and rule enforcement, as well as recommending that peers declare all external income above £ 100.
The conduct committee, led by former Supreme Court Justice Lord Mance, agreed to present the requirement at a meeting last month.
Members debated whether to force peers to disclose all of their earnings – but decided to limit them to payments from foreign governments and companies.
From now on, the rule would only apply to income, so that peers who had worked for foreign countries or companies controlled by them in previous years would not have to declare any previous payments.
The minutes read: “In the discussion there was no clear consensus on whether a general disclosure or the amount of all income should be made. The majority felt that for the time being, the committee should focus on a narrower, working-member approach to foreign governments or companies controlled by foreign governments.
The committee therefore agreed to recommend to the House that members be required to disclose the income from work for foreign governments and related companies / organizations.
"It would be necessary to work out a formula that avoids defining contentious and political issues such as control."
In September, former Tory climate protection minister Lord Barker of Battle was revealed to have received £ 6 million from EN +, an aluminum giant partially controlled by billionaire oligarch and Putin ally Oleg Deripaska. He insisted he was on leave from the Lords when he was paid by the company.
Crossbench peer Lord Skidelsky (pictured) is a director of the Russneft oil refinery company, but has not yet had to disclose any revenue from the company
Lord Barker added: & # 39; EN + has no offices in the UK. It has no request from the UK government. None of my remuneration is in any way related to membership in the House of Lords. & # 39;
Crossbench peer Lord Skidelsky is a director of the Russneft oil refinery company but has not yet had to disclose any revenue from the company.
The conservative hereditary peer Lord Fairfax of Cameron was director of the maritime company Sovcomflot UK and chairman of two subsidiaries until he stepped down in late August. The parent company Sovcomflot was founded by the USSR, which was formerly run by a Putin aide and is still owned by Moscow.
Labor peer Lord Ponsonby from Shulbrede is director of the Russian state-owned oil and gas company RNG Joint Stock Company and Eastsib Holding Company Ltd.
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