Prime Minister Rishi Sunak is under investigation following allegations of a possible failure to declare the shares his wife holds in a childcare agency that was boosted by the Budget.
Parliament's standards watchdog opened the inquiry into the Prime Minister under rules demanding that MPs are "open and frank" when declaring their interests. The investigation relates to the shares Akshata Murthy holds in Koru Kids, a Downing Street source revealed to the PA News Agency.
Downing Street said that the Prime Minister will clarify how it was declared as a ministerial interest, rather than to the Commons. An update to the parliamentary website showed Daniel Greenberg, Parliamentary Commissioner for Standards, opened the investigation under the MPs' code of conduct on Thursday.