Theresa Villiers was secretary of state for environment, food and rural affairs from July 2019 until February 2020, but has only this week disclosed investments each worth more than £70,000 since February 2018 in Shell and the drinks giant Diageo. Villiers also disclosed shares worth more than £70,000 in Experian, held since July 2019, and in an investment trust, RIT Capital Partners.
Villiers' disclosure follows revelations in the Guardian of the scores of MPs that held shares that were in effect secret. House of Commons rules require MPs to disclose all shareholdings in a single company that are worth more than £70,000.
A spokesman for Villiers said she deeply regretted her "failure to monitor the value of shareholdings and has offered her sincere apologies", adding that the shares were professionally managed and she did not take day-to-day investment decisions.
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