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03 July 2002

Two hundred lords a'leaping
One in three lords are directors of companies, according to a Labour Research analysis of the first compulsory register of peers' interests. But some lords have not registered their business interests either by design or through error.

Overall 217 peers out of a total of 666 (excluding the bishops) register 618 company directorships. These include 102 Tories, 57 Labour peers and 14 Liberal Democrats. Eighty lords also hold consultancy posts.

The busiest peer of all is LibDem Lord Razzall, who holds 21 directorships. These include two credit-card processing firms - Apollo Processing and Argonaut Payment Systems - and a manufacturer of prefabricated housing, Paragon.

However, the register contains some glaring omissions. Lord Harris of Peckham, who is chair and chief executive of Carpetright, among other interests, inadvertently failed to register his directorships. Other peers who are directors but do not appear in the register include Lord Moore of Lower Marsh and Lord St John of Fawsley.

More details in the July 2002 issue of Labour Research

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