UK's Boris Johnson reprimanded for failing to report income

LONDON — A British parliamentary committee reprimanded former Foreign Secretary Boris Johnson on Thursday for failing to report income within time limits set by Parliament.

Johnson acknowledged his mistake and apologized hours after the report was made public.

He said he was making "a full and unreserved apology" for his tardy financial reports.

Johnson was found to have failed to make timely income reports on nine recent occasions. The amount involved totaled more than 52,700 pounds ($67,000).

The Parliamentary Commissioner for Standards found "that registrations were late on four separate occasions, involving nine payments, which suggested a lack of attention to, or regard for, the House's requirements."

The breach was not judged to be minor or accidental.

Johnson is a prominent Brexit hardliner who resigned from his Cabinet position in July to protest Prime Minister Theresa May's Brexit plan. He remains in Parliament and is bound by its reporting rules.

He was found to have failed to report outside income within 28 days as required. Most of the income came from royalties for books Johnson has authored and for his work as a journalist.

Income ranged from a payment of 37 pounds for French royalties for one of his books to a monthly payment of nearly 23,000 pounds for his column in The Daily Telegraph that began in August.

He also reported receiving two tickets "with hospitality" from the Surrey County Cricket Club for a match at The Oval. The tickets were valued at 1,800 pounds.

The statement published Thursday indicates that Johnson has apologized for "any unintended delay" in meeting reporting requirements.

The investigation began in October.

Lululemon posts strong results, CEO cites holiday...

Dec 6, 2017

Lululemon posts 3Q profit, results beat Wall Street estimates

Autopsies underway for Canadian billionaires...

Dec 17, 2017

Investigators are awaiting the results of autopsies performed on Toronto billionaire and...

Police say Canadian billionaire, wife apparently...

Jan 27, 2018

Police say they believe Canadian billionaire businessman Barry Sherman and his wife were both...

Indigenous, environmental leaders protest Canada...

Mar 10, 2018

Indigenous people and environmental activists are converging in Vancouver Saturday to protest a...

Death toll in crash of hockey team bus in Canada...

Apr 11, 2018

The death toll in a Canadian bus crash involving a junior hockey team has risen to 16 after a woman...

Financial Markets

Market Sanctum is one of the world’s leading news sources for the currency trading community. Our analysts report on the latest changes in the current market, providing in-depth analysis.

Contact us: sales[at]marketsanctum.com