Select Committee on Economic Affairs Sixth Report


The Members of the Sub-Committee which conducted the inquiry were:

Rt Hon Lord Barnett

Lord Blackwell

Lord Lamont of Lerwick

Lord Paul

Lord Powell of Bayswater

Rt Hon Lord Sheldon

Lord Sheppard of Didgemere

Lord Vallance of Tummel

Rt Hon Lord Wakeham

Mr Leonard Beighton, CB and Mr Brian Shepherd, CBE both retired senior officials of the Inland Revenue, were appointed as Specialist Advisers for the inquiry.

Declarations of Interest

Rt Hon Lord Barnett

Advisory Board, EHS & Partners

Chairman, Mercury Recycling Group plc and Director of all its subsidiary companies

Chairman, ATOS Origin (UK) Ltd

Chairman, Xploit International Ltd

Mercury Recycling Group plc

Chairman, Education Broadcasting Services Trust (EBS) Ltd (non-remunerated)

Lord Blackwell

Non-executive Director Smartstream Technologies Ltd

Non-executive Director, Slough Estates plc

Non-executive Director, The Corporate Services Group plc

Non-executive Director, Standard Life Assurance

Chairman, Interserve plc (25 April 2006)

Non-executive Board Member, Office of Fair Trading

Special Advisor, KPMG Corporate Finance

Shareholder, 4C Associates Ltd (business consultants)

Joint Owner (with wife) of an apartment in SW1, let on an assured short hold tenancy

Chairman and Director of the Centre for Policy Studies (Independent 'Think Tank')

Lord Lamont of Lerwick

Consultant to The Consensus Group (formerly Rotch Property)

Consultant, Fintrade

Stanley Leisure plc

Consultant to Uniastrum Bank

Chairman, Advisory Board of Uniastrum

Chairman, Small Companies Dividend Trust

Director, Balli Group plc (steel and commodity trading house)

Director, Compagnie Internationale de Participations Bancaires et Financieres (Investment Company)

Director, European Growth and Income Trust (Investment Trust)

Director, Jupiter Finance and Income Trust (Investment Trust)

Director, Scottish Re (Reinsurance Company)

Director, RAB Capital plc

Member of the Advisory Board, MerchantBridge & Co

Member of the Advisory Board of Unistream

Secretary and office at Balli plc (steel and commodity tradinghouse) (Secretary primarily business and personal but some parliamentary work)

Chairman, Le Cercle

Chairman, British Iranian Chamber of Commerce

President, British Romanian Chamber of Commerce

Vice-President, Bruges Group

Hon. Chairman of the International Association of Money Transfer Networks

Lord Paul

Chairman and Director, Caparo Group Ltd

Board Member, London Development Agency

Visit to Scotland (16-17 June 2004) to view various power facilities as a delegate with the Parliamentary Group for Energy Studies

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 Islands)

Caparo Group, through its subsidiary Caparo plc, has a 35.5% interest in Core Growth Capital LLP, which manages two venture capital trusts, Core VCTI and Core VCTII plc

Chancellor of the University of Wolverhampton

Chancellor of the University of Westminster

Member of the Corporation of the Hall of Arts and Sciences

Advisory Board Member, Foreign Policy Centre Advisory Council

Director, Parliamentary Broadcasting Unit Limited

Visiting Professor, School of Management, University of Surrey (to 31.8.08)

Chairman of the Olympic Delivery Committee (a sub group of the London Development Agency)

Vice President, Engineering Employers' Federation

Co-Chairman, Associated Parliamentary Manufacturing Industry Group

Chairman of the Board of PiggyBankKids (a children's charity) and its trading subsidiary PiggyBankKids Projects Limited

Trustee and Chairman, Ambika Paul Foundation

Trustee, PiggyBankKids

Patron, Plan International

Patron, UK Youth

Member, Cricket Foundation 'A Chance to Shine' Appeal

Member, Zoological Society of London, Development Advisory Committee

Lord Powell of Bayswater

Adviser to Eastern Star Publications

Adviser to the Chairman of BAe Systems

Chairman, LVMH (Moet-Hennessy Louis Vuitton) UK

Chairman, Safinvest Limited

Chairman, Magna Holdings

Director, British Mediterranean Airways

Director, Caterpillar Inc

Director, Financière Agache

Director, LVMH (Moet-Hennessy Louis Vuitton)

Director, Mandarin Oriental Hotel Group

Director, Matheson & Co

Director, Textron Corporation

Director, Yell Group Limited

Director, Schindler Holdings, Switzerland

Director, Northern Trust Global Services

Member, Barrick Gold International Advisory Board

Member, Diligence Advisory Board

Chairman, GEMS Private Equity Fund Advisory Board

Member, Rolls-Royce European Strategy Board

Member, Textron International Advisory Council

Chairman, Wingate Capital International Advisory Board

Member, International Advisory Board of Magna Corporation

Member, the Advisory Board of the European Advisory Group GMBH

Member, Advisory Board of Thales UK

Member, Advisory Board of Alfa Capital

Chairman, Trustees of the Said Business School Foundation, Oxford University

Trustee, Aspen Institute (USA)

Trustee, British Museum

Chairman, Atlantic Partnership

Director, Singapore Millennium Foundation

Director, UK-China Forum

President, China-Britain Business Council

Member, Council of the International Institute for Strategic Studies

Trustee, Karim Rida Said Foundation

Rt Hon Lord Sheldon

Tonrose Ltd (textile distribution)

Trustee, Sheldon Group Pension Fund

Lord Sheppard of Didgemere

Didgemere Consultants Ltd

Non-executive Chairman, McBride plc (household and personal care products)

Non-executive Chairman, Unipart Group (automotive, rail, telecommunication, logistics etc)

Non-executive Director, One-Click HR plc (HR software etc)

Non-executive Director, Nyne Ltd (investor group)(currently not directly remunerated)

Non-executive Director, Global Tote Ltd (betting services to Russia, etc)

Non-executive Chairman, Namibian Resources Ltd (Diamond Mining)

Didgemere Consultants Ltd (business Advisory service)

Didgemere Farms Ltd (farming)

McBride plc (household and personal care products)

One-Click HR plc (human resources management systems)

DeltaDot Limited (an unquoted biotechnology and bioinformatics)

Namibian Resources plc

Global Tote Ltd

Farmland in Essex

Chancellor, Middlesex University

Hon. Fellow, Governor, London School of Economics

President, London First

Director, East London Business Alliance

Director, Central London Partnership

Director, London Business Board (London First/London Chamber/London CBI)

Vice President, Beer and Pub Association (formerly Brewers Society)

Member of the Various Professional Bodies (accountants etc)

Hon. Doctorate/Hon Fellow of various universities

Member, Protection of Roydon and Area (PORA) Committee

Vice President (formerly Appeal Chairman for 'Sheppard House')of Blue Cross (animal/peoples charity for pets of those unable—for reasons of health, etc—to pay vet fees)

Vice President United Response (charity for people with learning difficulties)

Fellow, Animal Health Trust

Member, UK Cancer Research Charity

Vice President, (past Chairman) Business in the Community

Past Chairman, The Prince's Trust (and Prince's Youth Business Trust) (now only infrequently involved)

Chairman of Trustees, Civilians Remembered Trust (Trust developing memorial park, etc for 60,000-plus civilians killed by bombing in 1939-45 war)

Patron of Trees for Cities

Lord Vallance of Tummel

Member, Supervisory Board Siemens AG (engineering and services)

Director (Chairman), Nations Healthcare Ltd

Director (Chairman) Amsphere Ltd (computing services)

International Advisory Board, Allianz AG (insurance)

European Advisory Council, Rothschild et cie (investment banking)

425,000 shares in De Facto 479 Ltd (family owned investment company)

Wife is a member of the Committee on Standards in Public Life

Honorary Governor, Glasgow Academy

Honorary Fellow, Brasenose College, Oxford

Honorary Fellow, London Business School

Chairman, European Services Forum

Vice President, Princess Royal Trust for Carers

Rt Hon Lord Wakeham

Advisory Board, LEK Consultancy

Chairman, Genner Holdings plc

Genner Holdings Ltd (Investment Company)

Genner Farms Ltd (small family company)

Chairman of Governors, Cothill House

Chairman, Alexandra Rose Day

Chancellor, Brunel University

Deputy Lieutenant for Hampshire

Governor, Sutton's Hospital, Charterhouse

Justice of the Peace, Inner London Commission (Non-active)

President, Brendoncare Foundation

Convenor of the Lords and Commons Cigar and Pipe Smokers' Club

Trustee, H.M.S. Warrior 1860

Trustee, Carlton Club

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