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Labour: Sack Tory Treasury minister over tax haven jobs

The Independent

|

July 22, 2022

Labour is urging the next Tory leader to commit to sacking a Treasury minister who is paid multiple salaries from companies with links to a notorious tax haven. Richard Fuller, who was appointed in the dying days of Boris Johnson's premiership, is paid £80,000 a year by the finance firms, which the opposition describes as a “shocking conflict of interest”.

- JON STONE

Labour: Sack Tory Treasury minister over tax haven jobs

The MP has a history of advocating for “light touch” financial regulations and “deregulation” for financial services companies like his employers. Yet in his new role as economic secretary to the Treasury, Mr Fuller is in charge of financial regulation for companies such as the ones he works for.

To compound matters, one of his employers, Investcorp, has reportedly poured cash into spy technology in China, backing another company building surveillance systems capable of tracking oppressed Uyghur Muslims. The Independent contacted Mr Fuller’s offie, as well as the Treasury, for comment on the allegations but did not receive a response.

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