George Osborne’s decision to appoint a former bankers’ lobbyist as an independent tax adviser has been questioned by an influential parliamentary committee.
The Treasury select committee expressed concerns on Tuesday over Angela Knight’s previous role as chair of the British Bankers’ Association (BBA) during the Libor scandal, her lack of tax knowledge and potential conflicts of interest with current directorships.
Knight, a former Tory MP, was appointed chair of the new Office of Tax Simplification (OTS) by the chancellor in December. The office’s remit is to reduce complexities in the tax system, which have been blamed for allowing corporate tax avoidance.
Knight is also an independent director at the City firm Tullett Prebon, holds the same position at the financial management firm Brewin Dolphin, is a board member at Transport for London and is a member of the advisory board of the economic consultancy Oxera.
One member of the committee said that her appointment, which has been approved but with qualifications, looks suspiciously like another job for “the Tories’ friends”.
Labour MP Wes Streeting said: “The qualified endorsement of her appointment does raise questions about the judgment of the chancellor and the seriousness with which he views his responsibilities to make appropriate appointments to important roles.”
Join the Vox Political Facebook page.
If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!
Vox Political needs your help!
If you want to support this site
(but don’t want to give your money to advertisers)
you can make a one-off donation here:
Buy Vox Political books so we can continue
fighting for the facts.
Health Warning: Government! is now available
in either print or eBook format here:
The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here: