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Aug 18, 2020, 7 tweets

Why has Sajid Javid - the former chancellor - been allowed to work for US bank JP Morgan?

[Thread 👇]
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The Conservative MP, who quit as chancellor in February after being told to sack his advisers, has accepted a job as senior adviser with the bank
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MPs are allowed to take on second jobs

But for ex-members of the government, like Mr Javid, taking on paid work is slightly trickier
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If a former minister wants to start a job less than two years after leaving their government role, they must seek advice from ACOBA - the Advisory Committee on Business Appointments
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The committee warned Mr Javid’s new job has "potential risks" due to his "privileged access to information" - especially with regard to post-Brexit policies

It told him not to lobby government on behalf of JP Morgan or use his contacts to influence policy
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ACOBA is supposed to clamp down on potential corruption, but critics have called it a “toothless regulator”
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Lord Eric Pickles has chaired ACOBA since April

He has said it's important to reassure the public that ministers can't profit from information obtained in government

"If we don't get it right... [it] will rot government from the inside”

MORE:➡️bbc.in/3kZTacK

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