Points of Order

Craig Mackinlay Excerpts

Wednesday 20th June 2018 Commons Chamber

[Mr Speaker]

I am very grateful to the hon. Lady for her point of order. The short answer is that every Member of this House is responsible for the veracity of what he or she says to it. That includes Ministers. If a Minister feels that he or she has erred—and to err is human—and has inadvertently given incorrect information to the House, it is open to, and it would I think be thought incumbent upon, that Member to correct the record. It is not for me to act as arbiter of whether that is required, but the hon. Lady, who is now a relatively experienced and certainly a very dextrous Member of the House, has found the means to register her concern. I feel sure that that concern will be communicated to the relevant occupant of the Treasury Bench ere long. As to what then happens, we await events.

If there are no further—[Interruption.] Yes, I am coming to that. I am extremely grateful to the Clerk, who is very on the ball as always, for his procedural expertise. I was just going to say that if there are no further points of order on other matters, we come now to the point of order from Mr Craig Mackinlay.

[Craig Mackinlay (South Thanet) (Con)]

On a point of order, Mr Speaker. I would like to make an apology to the House. In 2001—some 17 years ago—I incorporated a company, Mama Airlines Ltd, on the back of a business idea: the potential for a low-cost airline, with Manston to Malaga a possible route. The company has never traded, has never had a bank account, and has 2p of share capital that I own. That is the entirety of its balance sheet. I have never received reward or remuneration of any kind. It was an idea of its day and, following the tragedy of 9/11, it never came to anything and plans ceased.

It remains a dormant company and, personally, I have never had any subsequent thoughts of creating an airline, nor of using the registered company for any other activity. I had not considered, under any common-sense interpretation of the rules, that such a shareholding of 2p in a dormant company that has never traded would require registration under the Register of Members’ Financial Interests. I was wrong to rely on common sense, as there is no de minimis value threshold once the 15% shareholding limit has been reached.

This business idea is no secret, Mr Speaker. I mention the fact with some pride on public platforms, in the local press, in election literature and to whoever will listen. I would be surprised if there was anyone in South Thanet who was unaware of this long-past business idea. Not surprisingly, Manston airport is a relevant local issue, and I will continue to speak up for an aviation future for Manston, which would bring with it jobs and investment to east Kent.

The registration of my interest will now be recorded appropriately in the Register of Members’ Financial Interests under the rectification procedure. The interest should have been registered from 8 May 2015. Given the registrable interest, it also becomes a declarable one. It would now appear that, under the rules, my shareholding in a dormant company with no assets and certainly no aircraft makes me the ongoing owner of a quite unique airline that is never going to fly. I identify two occasions when a declaration might reasonably have been made. I should have prefaced my speeches on 28 May 2015 and 11 June 2015 with a declaration that I hold 2p worth of shares in the dormant company. I most sincerely apologise to the House for my error and oversight.

[Mr Speaker]

I thank the hon. Gentleman for the apology he has given to the House and, if I may say so, for the good humour he has displayed in the course of making his statement. I think it is acknowledged and accepted by the House.