Labour peer apologises for writing to Treasury to promote crypto firm he advised | House of Lords
A Labour peer and trade envoy for Keir Starmer has apologised for breaking the House of Lords code of conduct by writing to the Treasury to promote a cryptocurrency firm that was paying him.
Iain McNicol, a former general secretary of the Labour party, was found to have breached the rules by offering a paid parliamentary service on behalf of Astra Protocol in June 2023.
His actions were reported to the standards commissioner after the Guardian’s months-long investigation into the House of Lords examining the commercial interests of peers.
The reporting revealed the Labour peer wrote to the Treasury while he was a paid adviser to Astra Protocol, saying the company had assembled an “esteemed team of industry veterans and high-profile…
