I have always told my electors I do things as well as being an MP. I have kept my local electors informed through the local newspaper. Doubtless now new rules are being brought in for disclosure of earnings, the national media will run a series of stories, as if this were all new or news.
The only time I have had a second job which really stretched me as well as being an MP was when I was a Minister. Ministerial life makes many more demands on time than a non executive directorship, and often makes demands on time when Parliament is in session. No-one is suggesting in the national media that MPs should be banned from Minsiterial office, so in practise most agree you can do another job as well as being an MP.
For those who are interested, the Register of Members interest records 3 companies with which I am connected.
I am a member of the Advisory Board of Intelligent Engineering Holdings. No meetings are scheduled and no payments are being made.
I am non executive Chairman of Concentric PLC, now part of the Haldex Group. I chair a monthly divisional Board which takes the form of an international phone meeting, involving the USA, China, India, Germany and Sweden. I undertake special projects for the Group at mutually convenient times when Parliament is not meeting. The business is in automotive engineering.
I am Chairman of Evercore Pan Asset, an investment advisory business. In 2007 when I took it on I drew no salary, undertook light duties, and became a minority shareholder. Late in 2008 the founder CEO died suddenly. I have agreed a contract to offer the company strategic advice on global investment, and write a twice weekly economic and investment summary on the main world markets, concentrating on US/EU/China and India for them. I also chair the Board and attend meetings. The contract states that there are no formal hours of work and my Parliamentary duties take precedence.
I will make the necessary declarations of income as required when I receive payments from these two activities. The EPA contract allows me to pay the costs of the second home I need to undertake my Parliamentary duties without recourse to expenses.