Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Sunak hasn’t done ‘anything sinister’ over financial interests, insists minister

The Prime Minister is being investigated by Parliament’s standards watchdog.

Sam Blewett
Tuesday 18 April 2023 03:02 EDT
Downing Street insists Prime Minister Rishi Sunak ‘transparently’ declared the shares his wife Akshata Murty holds in childcare agency Koru Kids as a ministerial interest (Ian West/PA)
Downing Street insists Prime Minister Rishi Sunak ‘transparently’ declared the shares his wife Akshata Murty holds in childcare agency Koru Kids as a ministerial interest (Ian West/PA) (PA Wire)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Rishi Sunak has not done “anything sinister” surrounding his financial interests as he is investigated over a possible failure to make a declaration to MPs, a minister has said.

The Prime Minister is facing an inquiry by Parliament’s standards watchdog amid claims he did not declare his wife’s shares in a childcare agency that benefited from the Budget.

Downing Street insists Mr Sunak “transparently” declared the shares Akshata Murty holds in Koru Kids as a ministerial interest rather than to the Commons.

But Parliamentary Commissioner for Standards Daniel Greenberg has opened an investigation under rules demanding MPs are “open and frank” with their interests.

Mr Sunak did not detail the shares when being questioned by MPs on the Liaison Committee about why one of his policies favoured private childcare firms.

Home Office minister Chris Philp defended Mr Sunak on Tuesday, insisting “no-one really doubts Rishi’s integrity and ethics”.

“He has declared his wife’s interests in his ministerial declaration. He did draw attention to that to the committee when he gave evidence and he also wrote to them subsequently as well,” he told GB News.

“He will work with the standards commissioner to clear up any questions that are outstanding.

“But I don’t think there’s anything sinister here, he has made his declaration.”

The list of ministerial interests has not been updated for nearly a year and Downing Street has declined to set out when Mr Sunak made the declaration.

During the select committee hearing, Labour MP Catherine McKinnell questioned why childminders will get twice the incentive for joining the profession if they sign up with private agencies.

Asked if he had any interests to declare, Mr Sunak responded: “No, all my disclosures are declared in the normal way.”

He went on to write to the committee to say he would like to “clarify for the parliamentary record that this interest has rightly been declared to the Cabinet Office”.

He said the new list of ministerial interests, which has not been updated for nearly a year, will be published “shortly”.

Deputy Labour leader Angela Rayner said delay has “left a transparency black hole which is enabling the Prime Minister and those he has appointed to dodge proper scrutiny of their affairs”.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in