The Treasury chief secretary has been barred from involvement in planning and housing decisions because of his lucrative property interests, he has revealed.
Chris Philp has retained a substantial stake in a group providing loans for developments and is a director of an investment company – despite his promotion to be Kwasi Kwarteng’s deputy.
The Treasury had refused to say whether Mr Philp would be required to sell off his interests, put them in a blind trust or be excluded from discussions on housing policy.
