Owen Paterson has resigned as MP for North Shropshire after the government performed a U-turn over the controversial blocking of his 30-day Commons suspension for breaching lobbying rules.
Mr Paterson has served as a Conservative MP since 1997, and although departing the Commons from the backbenches, was previously a cabinet minister.
Growing up on his family’s farm in Shropshire, Mr Paterson went on to study history at Cambridge University before joining the National Leathersellers College and joining his family business – British Leather Company.
Image: Mr Paterson met then-secretary of state Hilary Clinton when he was Northern Ireland secretary
Before going into politics, the now 65-year-old was president of COTANCE (the Confederation of National Associations of Tanners and Dressers of the European Community).
After an unsuccessful attempt at securing the seat of Wrexham in 1992, he was elected as Conservative MP for North Shropshire five years later with a majority of 2,195.
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Mr Paterson increased his majority at every election thereafter, up to 22,949 in the latest 2019 election.
The North Shropshire MP served in the cabinet during the Tory-Lib Dem coalition years – as Northern Ireland secretary from 2010 to 2012, and environment secretary from 2012 to 2014.
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As Northern Ireland secretary, Mr Paterson oversaw the publication and delivery of the Saville Report on the events of Bloody Sunday in January 1972, which led to an apology by then-prime minister David Cameron.
He was also the first cabinet member to publicly oppose the coalition government’s Marriage (Same Sec Couples) Bill, defying both Mr Cameron and ministerial convention.
Image: Owen Paterson with PM David Cameron in 2010 and (below) deputy PM Nick Clegg
In 2014, Mr Paterson was dismissed as environment secretary by Mr Cameron as part of his 2014 reshuffle. He was replaced with Liz Truss, who is now foreign secretary.
In an interview in 2013 about the alleged failure of a badger cull he had been responsible for, Mr Paterson said “the badgers have moved the goalposts”.
Mr Paterson voted and spoke strongly against the fox hunting ban.
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Paterson: ‘I wouldn’t hesitate to do it again’
He has also previously been accused of being a climate change sceptic, having formerly described wind turbines as “ridiculous” and “useless”. He has also supported fracking.
From the backbenches, the North Shropshire MP became a leading supporter of the campaign to leave the European Union and was an outspoken member of the European Research Group (ERG) of Eurosceptic Tory MPs.
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‘Shame’: MPs vote against suspension of ex-minister
In 2015, Mr Paterson and fellow Conservative Brexiteer John Redwood founded the internal pressure group Conservatives for Britain, and formed the backbone of the party’s Leave campaign.
He has also served on many committees during his time as a parliamentarian, including the Welsh Affairs Committee, the European Standing Committee, and the Agriculture Committee.
On 24 June 2020, Mr Paterson’s wife Rose Paterson – who was Aintree’s chairman – took her own life on his birthday.
Image: Mr Paterson, pictured with his late wife Rose
Last month, following a two-year investigation, the parliamentary commissioner for standards found that Mr Paterson had breached the rule prohibiting paid advocacy by making multiple approaches to government departments and ministers for two companies.
Mr Paterson was found to have “repeatedly used his privileged position” to benefit Randox, a clinical diagnostics company, and Lynn’s Country Foods, a meat processor and distributor. The commissioner recommended that he should be suspended from the Commons for a month.
The allegations related to his conduct between October 2016 and February 2020.
Mr Paterson was paid more than £110,000 per year to act as a consultant for the two separate companies.
Image: Mr Paterson maintains his innocence after the standards body found he ‘repeatedly’ breached lobbying rules
On Wednesday, Conservative MPs – with the encouragement of Prime Minister Boris Johnson – passed a motion in favour of ignoring Mr Paterson’s month-long Commons suspension.
As part of the backlash, the government was accused of “corruption” in seeking to overhaul parliament’s standards rules in an alleged effort to protect the Tory MP.
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Govt signals sleaze watchdog U-turn
In the face of a huge outcry, the government performed a U-turn in the row on Thursday with the promise of a new vote on Mr Paterson’s suspension.
But, just hours later, the 65-year-old announced his intention to resign from the House of Commons.
Mr Paterson has three children, and in his resignation statement posted on social media, said he had made the decision to stand down from his role after “consultation with my family”.
JPMorgan CEO Jamie Dimon has denied debanking customers based on their religious or political affiliation and stated that he has actually been working to change the rules surrounding debanking for over a decade.
During an interview with Fox News’ “Sunday Morning Futures” on Sunday, Dimon said his bank has cut off services to people from all walks of life, but political affiliations have never been a factor.
Devin Nunes, the chair of the president’s intelligence advisory board and CEO of Trump Media, alleges the company was debanked by JPMorgan and that it was among more than 400 Trump‑linked individuals and organizations that had banking records subpoenaed by special counsel Jack Smith as part of an investigation.
Houston Morgan, the head of marketing at non-custodial crypto trading platform ShapeShift, shared a similar story in November.
JPMorgan CEO Jamie Dimon maintains his institution doesn’t debank people for political affiliations. Source: YouTube
“People have to grow up here, OK, and stop making up things and stuff like that,” Dimon said. “I can’t talk about an individual account. We do not debank people for religious or political affiliations.
“We do debank them. They have religious or political affiliations. We debank people who are Democrats. We debank people who are Republicans. We have debanked different religious folks. Never was that for that reason.”
However, Dimon said he doesn’t like debanking and wants the rules around reporting requirements that can lead to debanking to change.
“I actually applaud the Trump administration, who’s trying to say that debanking is bad and we should change the rules. Well, damn it, I have been asking to change the rules now for 15 years. So change the rules.”
“It is really customer unfriendly, and we’re debanking people because of suspected things, or negative media, or all these various things,” Dimon added.
JPMorgan made recommendations to curb debanking: Dimon
Dimon said one of the rules banks are required to follow is sharing information with the government when subpoenaed, but he also claims JPMorgan has provided recommendations to reduce reporting and instances of debanking.
“We don’t give information to the government just because they ask. We’re subpoenaed. We are required by court to give it to the government. And I have been following subpoenas with this administration, the last administration, the administration before that and the one before that. And I don’t agree with a lot of it,” Dimon said.
“The government does a lot of things that can anger banks. So, let’s just take a deep breath and fix the problems, as opposed to, like, blame someone who’s put in that position,” he added.
At the same time, Dimon said both sides of politics are equal offenders when it comes to leaning on banks.
“Democratic and Republican governments have come after us both; let’s not act like this is just one side doing this. This has been going on for a long time. And we should stop militarizing the government that kind of way.”
The Trump administration did not mention cryptocurrency or blockchain in its latest national security strategy, despite the industry’s growing ties to the financial system and President Donald Trump’s claim of increased competition from overseas.
Trump’s national security strategy, outlining his administration’s priorities, released on Friday, instead said the “core, vital national interests” of the US revolved around artificial intelligence and quantum computing.
“We want to ensure that US technology and US standards — particularly in AI, biotech, and quantum computing — drive the world forward,” the administration said.
The omission of crypto from the national security strategy comes despite Trump telling CBS’ 60 Minutes last month that he did not want to “have China be number one in the world in crypto” and has previously said he wants all Bitcoin (BTC) mining to take place in the US.
CIA Deputy Director Michael Ellis also said in May that crypto was “another area of technological competition where we need to make sure the United States is well-positioned against China and other adversaries.”
There is, however, one section of the document that states that Trump wants to preserve and grow “America’s financial sector dominance” by using the country’s “leadership in digital finance and innovation” to ensure market liquidity and security, which could be a hint at crypto.
A highlighted excerpt of the document says the US should grow its “financial sector dominance.” Source: The White House
Trump has pushed forward crypto policies
The Trump administration has been supportive of crypto this year, moving forward with a slew of promised policies that have led to more financial institution adoption of the technology.
Trump helped the stablecoin-regulating GENIUS Act become law and has signed executive orders creating a crypto task force and banning a central bank digital currency, while also overseeing federal agencies’ abandonment of many crypto-related enforcement actions.
The administration has also established a Bitcoin reserve and crypto stockpile, comprising forfeited digital assets, while the government is exploring “budget-neutral” methods of acquiring more.
Bitcoin traded below $90,000 over the weekend as the market digested the national security strategy document, which called on US allies to “contribute far more” to defence.
It asked NATO countries to spend 5% of their GDP, up from the current 2%, which would mean heightened government borrowing that would drive up inflation, making it harder for central banks to cut interest rates.
The Federal Reserve’s interest rate decision this week is what is driving crypto markets, with many hoping for a cut that historically spurs investors to make riskier bets.
The market is expecting interest rates to drop when the Fed meets on Tuesday and Wednesday, with CME’s FedWatch showing nearly 88.5% betting on a 25 basis point cut.
Young people could lose their right to universal credit if they refuse to engage with help from a new scheme without good reason, the government has warned.
Almost one million will gain from plans to get them off benefits and into the workforce, according to officials.
It comes as the number of young people not in employment, education or training (NEET) has risen by more than a quarter since the COVID pandemic, with around 940,000 16 to 24-year-olds considered as NEET as of September this year, said the Office for National Statistics.
That is an increase of 195,000 in the last two years, mainly driven by increasing sickness and disability rates.
The £820m package includes funding to create 350,000 new workplace opportunities, including training and work experience, which will be offered in industries including construction, hospitality and healthcare.
Around 900,000 people on universal credit will be given a “dedicated work support session”.
That will be followed by four weeks of “intensive support” to help them find work in one of up to six “pathways”, which are: work, work experience, apprenticeships, wider training, learning, or a workplace training programme with a guaranteed interview at the end.
However, Work and Pensions Secretary Pat McFadden has warned that young people could lose some of their benefits if they refuse to engage with the scheme without good reason.
The government says these pathways will be delivered in coordination with employers, while government-backed guaranteed jobs will be provided for up to 55,000 young people from spring 2026, but only in those areas with the highest need.
However, shadow work and pensions secretary Helen Whately, from the Conservatives, said the scheme is “an admission the government has no plan for growth, no plan to create real jobs, and no way of measuring whether any of this money delivers results”.
She told Sky News the proposals are a “classic Labour approach” for tackling youth unemployment.
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Youth jobs plan ‘the wrong answer’
“What we’ve seen today announced by the government is funding the best part of £1bn on work placements, and government-created jobs for young people. That sounds all very well,” she told Sunday Morning with Trevor Phillips.
“But the fact is, and that’s the absurdity of it is, just two weeks ago, we had a budget from the chancellor, which is expected to destroy 200,000 jobs.
“So the problem we have here is a government whose policies are destroying jobs, destroying opportunities for young people, now saying they’re going to spend taxpayers’ money on creating work placements. It’s just simply the wrong answer.”
Ms Whately also said the government needs to tackle people who are unmotivated to work at all, and agreed with Mr McFadden on taking away the right to universal credit if they refuse opportunities to work.
But she said the “main reason” young people are out of work is because “they’re moving on to sickness benefits”.
Ms Whately also pointed to the government’s diminished attempt to slash benefits earlier in the year, where planned welfare cuts were significantly scaled down after opposition from their own MPs.
The funding will also expand youth hubs to help provide advice on writing CVs or seeking training, and also provide housing and mental health support.
Some £34m from the funding will be used to launch a new “Risk of NEET indicator tool”, aimed at identifying those young people who need support before they leave education and become unemployed.
Monitoring of attendance in further education will be bolstered, and automatic enrolment in further education will also be piloted for young people without a place.