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Friday 11 August 2023

Oily Headline



Theresa Villiers: Ex-environment secretary failed to declare Shell shares

A former environment secretary has revealed she failed to declare tens of thousands of pounds of shares she held in oil giant Shell while in the role.

Tory MP Theresa Villiers said she had held a stake in the firm worth over £70,000 since February 2018.

But she only declared it last month along with similar holdings in drinks giant Diageo and finance firm Experian.

She "deeply" regretted "her failure to monitor the value of shareholdings", a spokesman told the Daily Mirror.

MPs are meant to declare all shareholdings worth over £70,000.


Eventually we find out what the problem was, the £70,000 limit above which the shareholding should have been declared, not that they were shares in Shell. 

A somewhat misleading headline but not a surprising one. Anyone expecting the BBC to keep them well-informed must be bonkers.

2 comments:

dearieme said...

'she ... offered to put them in a "blind" trust, where she would not have known how the money was invested'

Who can forget the Blair's blind trust where Cherie dictated the investing decisions, for instance one flat for her boy and one for letting?

A K Haart said...

dearieme - I wonder how many they have now?