Labour peer apologises for writing to Treasury to promote crypto firm he advised

Standards commissioner finds Iain McNicol broke Lords code of conduct by ‘providing a parliamentary service in return for payment’

A Labour peer and trade envoy for Keir Starmer has apologised for breaking the House of Lords code of conduct by writing to the Treasury to promote a cryptocurrency firm that was paying him.

Iain McNicol, a former general secretary of the Labour party, was found to have breached the rules by offering a paid parliamentary service on behalf of Astra Protocol in June 2023.