One in six peers have paid links to financial services industry

http://www.guardian.co.uk/business/2012/jul/10/city-lobbying-lords-financial-industry

One in six peers have paid links to financial services industry

Melanie Newman, guardian.co.uk, Tuesday 10 July 2012

It may be a “flawed institution”, according to Nick Clegg, but as far as City interests are concerned the House of Lords appears to do its job very efficiently.

More than one in seven lords are in the pay of finance firms or have financial services clients, according to the register of members interests.

Research by the Bureau of Investigative Journalism shows 124 out of the main body of 775 lords have links to financial institutions – 16% of House of Lords voting rights. They also take a large number of seats on committees scrutinising issues vital to the City.

The 124 do not include….”