This article was first published by Evolve Politics, posted on GR in April 2018.
It is common knowledge that Theresa May’s husband Philip essentially acts as the unofficial advisor to the Prime Minister – a fact proven by the former Conservative MP for Chichester, Andrew Tyrie, who said during a Newsnight profile of the PM’s husband that “Philip is clearly acting as, informally, an advisor to Theresa. Probably much like Denis did to Margaret Thatcher.”
Whilst it is pretty obvious that almost all married couples act as informal advisors to each other in come capacity, Tyrie’s admission that the Prime Minister’s husband has such a great influence over his wife’s decisions is made all the more worrying by the fact that Mr May – who is a Senior Executive at a £1.4Tn investment firm – stands to benefit financially from the decisions his wife, the Prime Minister, makes.
The fact that Philip May is both a Senior Executive of a hugely powerful investment firm, and privy to reams of insider information from the Prime Minister – knowledge which, when it becomes public, hugely affects the share prices of the companies his firm invests in – makes Mr May’s official employment a staggering conflict of interest for the husband of a sitting Prime Minister.
However, aside from the ease at which he is able to glean insider information from his wife about potential decisions which could go on to make huge profits for his firm, there is a far darker conflict of interest that has so far gone undiscussed.
Philip May is a Senior Executive of Capital Group, an Investment Firm who buy shares in all sorts of companies across the globe – including thousands of shares in the world’s biggest Defence Firm, Lockheed Martin.
According to Investopedia, Philip May’s Capital Group owned around 7.09% of Lockheed Martin in March 2018 – a stake said to be worth more than £7Bn at this time. Whilst other sources say Capital Group’s shareholding of Lockheed Martin may actually be closer to 10%.
On the 14th April 2018, the Prime Minister Theresa May sanctioned British military action on Syria in response to an apparent chemical attack on the city of Douma – air strikes that saw the debut of a new type of Cruise Missile,