London Daily

Focus on the big picture.
Wednesday, Sep 16, 2026

Labour accuses Philip Hammond of breaking ministerial code

Labour accuses Philip Hammond of breaking ministerial code

Former Tory chancellor reportedly wrote to Treasury to advocate for a bank he is a paid adviser for
The former chancellor Philip Hammond has been accused by Labour of breaking the ministerial code, after reportedly writing to the Treasury to advocate for a bank he is a paid adviser for.

The former MP, who is now a Conservative peer, became the latest figure embroiled in questions over lobbying, following a government-commissioned review which found the rules regarding access and influence of politicians and senior civil servants “worked well”.

Since leaving the Commons, Lord Hammond has taken on several roles, including as a non-executive director of OakNorth International bank.

In an email sent during the first few months of the Covid crisis, the Sunday Telegraph said Hammond contacted Charles Roxburgh – the Treasury’s second most senior civil servant – to tell him of a “toolkit” OakNorth had developed to assess possible borrowers.

An attachment to the message contained OakNorth’s pitch, and Hammond asked Roxburgh to “pass it on to anyone else who might be appropriate”, the newspaper said.

The communication came under scrutiny because Labour claimed it violated an explicit ban imposed on Hammond after he left the government in July 2019 when Theresa May stepped down and was replaced as prime minister by Boris Johnson.

A letter from the Advisory Committee on Business Appointments – which advises frontbenchers and those who have recently stepped down on what activities they can and cannot use their positions for – reportedly told Hammond that for two years after quitting he should not make use of his “government and/or ministerial contacts to influence policy or secure business on behalf of OakNorth”.

The ministerial code also says former ministers “must abide by the advice of the committee”.

Labour’s deputy leader, Angela Rayner, said Hammond had broken the ministerial code and called for an investigation by the cabinet secretary.

“Hammond has entirely disregarded the conditions that were made clear to him when he took the job with OakNorth Bank,” she said. “If the rules are treated with such derision by the former chancellor then the whole system is rotten.”

A spokesperson for OakNorth said the bank was offering help for free to the UK government during the height of the pandemic. “There was absolutely no reference of payment in the presentation that was sent and it was made explicit in the discussions we had with the Treasury that this would be pro bono,” they added.

Hammond and the Cabinet Office were both contacted for comment.
Newsletter

Related Articles

0:00
0:00
Close
Police Tighten Public-Order Measures After Anti-Immigration Protests in Dover and Portsmouth
UK Ministers Pressed for Answers After US Diplomat Accused of Child Abuse Images Leaves Britain
Jaguar Land Rover Pursues NATO Defense Contracts for Defender Vehicles
British Service Member Dies in Road Accident While Deployed in Ukraine
George Osborne Calls for Britain to Rejoin EU Customs Union
Anthropic Chief Dario Amodei Urges Faster UK Action on Advanced AI Risks
UK State Pension Set for 3.9% Rise Under Triple Lock
UK Labour Market Cools as Payrolled Employment Continues to Decline
Reform UK’s £72 Million in Donations Faces Scrutiny Under Proposed Retrospective Funding Rules
UK Doctors Warn Expanded Pharmacy First Scheme Could Put Patients at Risk
British Airlines Cut Short-Haul Capacity as Jet Fuel Costs Rise
UK News Publishers Forecast 40% Search Traffic Drop as AI Overviews Expand
Axel Springer Wins Approval for £575 Million Daily Telegraph Acquisition
London Mayor Sadiq Khan Opposes Heathrow Third Runway Over Climate Targets
Scotland, Wales and Northern Ireland Leaders Hold Summit Seeking Greater Autonomy
UK Energy Price Cap Set to Rise to £1,723 in October
UK Treasury Warns Middle East Conflict Is Threatening Economic Growth
Labour Moves to Retrospectively Cap Overseas Political Donations After Reform UK Funding Surge
HMRC Warns Nearly Seven Million Adults Are Unclear About State Pension Entitlements
UK Parliament Passes Sovereign Grant Reform Before Conference Recess
British Rail Passengers Gain Automatic Right to Switch Operators During Disruptions
Burnham Hosts Downing Street Business Summit as UK Fiscal Pressure Builds
Labour Government Moves to Challenge £72 Million in Reform UK Crypto Donations
UK Advertising Industry Warns Wider Junk Food Rules Could Put £1 Billion in Media Spending at Risk
Cornwall Opens Devolution Talks With UK Government Over Transport and Local Services
UK Parliament Considers Sovereign Grant Reform Setting Royal Funding at £99.9 Million
Trades Union Congress Calls for Income-Based Energy Tariff Funded by Higher Bank Levy
UK Prime Minister Rejects Second Scottish Independence Referendum
House of Lords Begins Scrutiny of Bill to Lower UK Voting Age to 16
Anthropic Says Claude Was Exploited in Weapons-Related and State-Linked Cyber Activity
Institute of Directors Urges UK Government to Avoid Business Tax Increases in Autumn Budget
Rising Gilt Yields Cut UK Fiscal Headroom to About £13 Billion Ahead of Budget
UK Economy Grows 0.4% in July as Services and Technology Activity Strengthen
UK Government Promises Clearer Student Loan Guidance After Repayment Backlash
Charities Warn Unpaid Carers May Die Before Receiving Government Compensation
Dover Unrest Prompts Review of UK Counter-Extremism Strategy
Celtic Summit Leaders Reassert Right to Pursue Independence From UK
NHS Records Busiest Summer on Record Amid Severe Heatwaves
Harrods Faces Potential £150 Million Compensation Bill Over Al Fayed Abuse Claims
UK Parliament Opens Debate on Landmark Assisted Dying Legislation
Metropolitan Police Investigate Reform UK Over Alleged Foreign Electoral Donations
UK Economy Expands 0.4% in July as AI Investment Boosts Activity
Bank of England Signals Caution on Rates as Inflation Pressures Persist
Tesco Alerts Police After Scammers Use Its Branding in AI-Generated Fraud
Lindy Cameron Appointed First Female Permanent Under-Secretary at UK Foreign Office
UK Government to Rewrite Student Loan Guidance After Mis-Selling Criticism
Welsh First Minister Warns Andy Burnham Government to Respect Devolution
Trump’s Falkland Islands Remarks Trigger New Diplomatic Tension With Britain
Reform UK Receives Record £72 Million Donation From Cryptocurrency Billionaires
UK Bans Imports From Israeli West Bank Settlements and Sanctions Supporting Institutions
×