Fascism : The Merging of State and Corporate Power / Interests.
One in five Lords is undertaking consultancy work in a Parliamentary ‘cottage industry’ potentially worth millions.
The figures can be revealed as four Labour peers are investigated over claims they were ready to take large sums to amend legislation.
One, Lord Taylor of Blackburn, was forced to apologise yesterday after he was revealed in secret recordings to have said that an annual payment of £100,000 was ‘cheap for what I do’.
And Lord Moonie, a former defence minister who is also at the centre of the investigation, is facing questions over his links to a defence industry lobbyist.
As debate rages over whether peers are being unduly influenced by outside interests, the Mail has found that 145 peers out of 743 eligible to sit in the House of Lords are acting as ‘consultants’ or ‘advisers’ to outside interests.
In addition, they are exploiting a Parliamentary loophole which says they do not even have to state how much they are earning.
Industries having their interests represented by Lords include banking, gambling, fast food, surveillance and other security systems, and nuclear power, as well as foreign governments.