Select Committee on Economic Affairs First Report


Select Committee on Economic Affairs

The members of the Select Committee which conducted this inquiry were:

      Lord Barnett

      Lord Burns

      Lord Cuckney

      Lord Elder

      Baroness Hogg

      Lord Newby

      Baroness O'Cathain

      Lord Oakeshott of Seagrove Bay

      Lord Paul

      Lord Peston (Chairman)

      Lord Roll of Ipsden

      Lord Vinson

Declaration of interests:

Lord Barnett  Chairman, EBS (Education Broadcasting Services) (charitable trust) (unpaid)

      Chairman and major investor, Mercury Recycling Group plc

      Chairman, Mercury Recycling Ltd

      Chairman, Atos Origin (UK) Ltd

      Trustee, Open University (unpaid)

      Member of the Advisory Board of EHS and Partners

Lord Burns  Chairman, Dwr Cymru Cyfyngedig

      Chairman, Glas Cymru Cyfyngedig

      Chairman, Monteverdi Choir and Orchestra Trustees

      Governor and Member, Council of Management, National Institute of Economic

      and Social Research

      Governor, Royal Academy of Music

      Joint Deputy Chairman, Abbey National Group plc (Chairman from 1st February


      Non-executive Director, The British Land Company plc

      Non-executive Director, Pearson plc

      President, Society of Business Economists

      Vice-President, Royal Economic Society

Lord Cuckney  Formerly Vice-Chairman of Glaxo Wellcome plc

Lord Elder  Consultant, Smith Institute

      Hon President, Adam Smith Foundation of Fife College

Baroness Hogg  Chairman, 3i Group plc

      Chairman, Foreign & Colonial Smaller Companies Trust

      Chairman, Frontier Economics

      Council Member, Hansard Society

      Council Member, Institute for Fiscal Studies

      Council Member, Royal Economic Society

      Governor, BBC

      Various education trusts

      Non-executive Director, 3i Group plc

      Non-executive Director, GKN

      Non-executive Director, Martin Currie Portfolio Trust

      Non-executive Director, P & O Princess Cruises

      Writing and lecturing for a variety of publications and organisations

Lord Newby  Chairman, Live Consulting Ltd

      Chairman, Reform Publications Ltd

      Director, Pall Mall Initiatives Ltd

      Trustee, Allachy Trust

      Trustee, Aviation Health Institute

      Trustee, Centre for Reform

      Trustee, Coltstaple Trust

      Chairman, Executive Committee Lloyd George Statue Appeal

Lord Oakeshott of Seagrove Bay  

      Chairman, Coltstaple Trust (charitable trust) (unpaid)

      Director, *Aubrey Investments Ltd and its subsidiaries (paid)

      Director, *OLIM Ltd (paid)

      Director, *Value and Income Trust plc and its subsidiaries (paid)

      Treasurer, Make Votes Count (unpaid)

      Land and Property: family homes in London, the Isle of Wight and Sussex (no

      rents received)

      Member, Finance Committee Mansfield College, Oxford (unpaid)

      Investment Manager with OLIM Limited (a subsidiary of Close Brothers Group


      *Shareholdings (more than 1% of the issued share capital)

Baroness O'Cathain  

      Director, Allders plc

      Director, BNP Paribas UK plc

      Director, British Airways plc

      Director, South-East Water plc

      Director, Thistle Hotels plc

      Director, William Baird plc

Lord Paul  Ambassador for British Business

      Chairman of Trustees, Ambika Paul Foundation

      Chairman, Business Council, Parliamentarians for Global Action, New York

      Chairman, Economic Policy Committee, Engineering Employers' Federation

      Chairman, Zoological Society of London Fundraising Advisory Committee

      Chairman, College of Senior Fellows, Thames Valley University

      Chancellor, University of Wolverhampton

      Co-chairman, United Kingdom-India Round Table

      Director and Chairman, Caparo Group Ltd (Lord Paul, Hon Ambar Paul, Hon

Akash Paul and Hon Angad Paul are jointly interested in the whole of the issued

share capital of the Company through shareholdings registered in the name of

Caparo International Corporation, a Company registered in the British Virgin


      Director, Parliamentary Broadcasting Unit Limited

      Member, Advisory Council, John Smith Memorial Trust

      Board of the London Development Agency

      Member, the Corporation of the Hall of Arts and Sciences (Royal Albert Hall)

      Member, Corporation Visiting Committee, Massachusetts Institute of Technology

      Member, Foreign Policy Centre Advisory Council

      Member, House of Lords Select Committee on Economic Affairs

      Member, Industrial Development Advisory Board

      Member, The Prince's Trust Business Expansion Initiative Committee

      Member, VSO Council

      Patron, National Children's Centre

      Patron, Plan International

      Patron, United Kingdom Youth

      President, Family Service Units

      Trustee, Police Foundation

      Vice-president, Engineering Employers' Federation

      Chairman of the Board of PiggyBankKids, a children's charity, and its trading

      subsidiary PiggyBankKids Projects Limited

Lord Peston  Director, Philip Allen Publishers Ltd

      Emeritus Professor of Economics, Queen Mary and Westfield College,

      University of London

      Patron, Council for Education in the Commonwealth

      President, Institute of Administrative Management

      Vice-president, Action for Dysphasic Adults

Lord Roll of Ipsden  

      Director, Pan Holding S.A.

      Senior Adviser, UBS Warburg Ltd

Lord Vinson  Director, Ancroft Hill Ltd

      Farmer, (Farm in Northumberland - part of which is in the Northumberland

      National Park)

      Trustee and Vice President, Institute of Economic Affairs

      Past interests have included being a main Board Director of Barclays Bank;

      Chairman of the Institute of Economic Affairs; Chairman of a property

      company; Chairman of an Investment Trust; Deputy Chairman of a large

      venture capital company; Director of the British Airports Authority; and

      Chairman of the Rural Development Commission; experience of building up a

      business from the age of 21, and floating a company on the Stock Exchange. Past

      winner of the Queen's Award for Industry.

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