Philip and Theresa May. Last December it was reported that she planned to spend huge amounts of taxpayers’ money exempting him – along with other people who work in the City – from Brexit. Has this been investigated by the Propriety and Ethics team?

This could seriously harm the Conservative general election campaign:

It seems the Cabinet Office Propriety and Ethics Team has launched an inquiry into whether the company which employs Theresa May’s husband, Philip, could have potentially made large sums of money from Brexit market movements caused by her decisions.

If so, it is not only a clear conflict of interest for Mrs May, but a breach of the ministers’ code of conduct which states that “Ministers must ensure that no conflict arise, or appears to arise, between their public duties and their private interests.”

The investigation could be even more damaging to the Conservative election campaign as Mrs May claimed from the start that it would be about Brexit. The investigation has raised concerns it could really be about any profits she and her husband can make from Brexit.

David Hencke explains the situation here:

The central point of the complaint is that the Capital Group, a global investment company which manages $1.4 trillion of assets for corporations and high net worth individuals, could have had knowledge of market sensitive information that would have benefited their clients over Brexit. The situation would particularly apply to currency movements.

Philip May who works for the Capital Group, could, in theory as the PM’s husband, have had some prior knowledge of major political decisions by his wife.

He could also have recused himself from such decisions in the Capital group to prevent such a conflict. But the declaration of interests by Mrs May do not disclose his exact role and the preamble to the declaration says to disclose such details “would involve unjustifiable intrusion into the private affairs not only of Ministers, but of their close family.”

Source: Exclusive:Cabinet Office responds to allegations of Prime Minister’s Brexit ” conflict of interest “

In an update to Mr Hencke’s article, the Cabinet Office has stated: “The Prime Minister has declared in full her interests and the interests of her husband. There is no conflict of interest.”

But has this been checked, or are investigators merely accepting the Mays’ word?

To This Writer’s unskilled eye, it still seem a breach of the code of conduct, as Mrs May allowed it to appear that a conflict of interest had arisen – otherwise, why would there have been an investigation?

We may hear more about this.

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