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Vested interests

This requires MPs themselves to make the judgment on whether to declare or not, and campaigners have suggested the current threshold is therefore too high.The investigation has identified ministers who have met lobbyists for companies, including BP, while not declaring the shares held by themselves or their close family members. MPs have also voted against amendments that would have increased windfall taxes on oil and gas companies in which they had undisclosed shares.

The shareholdings identified are all within companies that would have been affected by recent government policy or where there has been parliamentary debate that could result in actions that would have an impact on a company’s bottom line, such as a potential energy windfall tax.

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