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<p>As set out in the Ministerial Code, there is an established regime in place for
the declaration and management of interests held by ministers. This ensures that steps
are taken to avoid or mitigate any potential or perceived conflicts of interest. Under
the terms of the Ministerial Code Ministers must ensure that no conflict arises or
could reasonably be perceived to arise, between their ministerial position and their
private interests, financial or otherwise. The Ministerial Code is the responsibility
of the Prime Minister. There are no current plans to update the Ministerial interests’
provisions in the Code.</p><p>Chapter 7 of the Ministerial Code provides detail on
the procedure ministers must follow regarding their private interests. In particular
it states, “it is the personal responsibility of each Minister to decide whether and
what action is needed to avoid a conflict or the perception of a conflict”.</p><p>More
information about the process by which ministerial interests are managed is available
in the Annual Report of the Independent Adviser on Ministers’ Interests and the List
of Ministers Interests. These are available on GOV.UK.</p><p><strong> </strong></p>
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