Skip to main content

Statement on extra parliamentary income

I am a full time politician, but I remain a director of two companies that I founded and also other businesses that run through as John Hemming Trading My working week is around 70 hours a week. I spend about 4 hours a month chairing John Hemming & Co LLP. This means that over 98% of my time is spent on political issues.

I do not think it is right to concentrate on counting things when working out how effective an MP is. For me the measures of success are what I achieve for my constituency, for Birmingham and more widely. However, according to “they work for you”, I am above average on most measures of what an MP does (speaking, voting etc). I am also on three select committees which is an usually large number.

I have declared my external interests, but the new rules require more information about the amount of money I receive from various sources. Hence this statement.

I have two main sources of revenue from outside parliament. Those are John Hemming & Company (now JHC LLP) and John Hemming Trading. I am also a director of OMX which is a joint venture between JHC LLP and NASDAQ. I am not paid for this, but I am a shareholder and was one of the founders and the initial board chair. JHC is also a supplier to OMX. Approximately JHC employs 150 people, OMX employs 200 people and JHT employs 9 people. The majority of these people are in Birmingham although some are based in London and Newcastle.
I have been involved in business for over two decades having formed JHC in 1983. I have also been involved in politics for three decades. I have, therefore, structured my business arrangements to enable me to prioritise spending time serving the Community as an elected office holder.
My role with JHC LLP is to chair the monthly partners meeting which takes normally about 4 hours. I am also on the list to do work on behalf of the company at a chargeout rate of £1000 per hour. However, since my election as MP for Yardley I have not done any of this work.
I have only recently been reinstated as a director of OMX and in April 2009 I attended one board meeting on the telephone for under 1 hour.
I also send and receive emails in both roles and may have one or two phone calls in a week. I have also had meetings in a central London location with employees of NASDAQ.
I am not salaried in these roles, but I have a trading or professional income which is accounted for under schedule D. It varies from year to year and cannot be calculated until well after the end of the year.
In financial year 2002/3 I had a profit from JHC of 366175 and a profit from JHT of 15984. This gave a total of 382159.
In financial year 2007/8 I had a profit from JHC of 206125 and a loss from JHT of 3625. When combined with my income as an MP of 55244 (after contributing to my staff salaries)
this gives me 257744. In other words the income from those sources even adding on what my Mps salary gives me has gone down by 124,415 a year.
I do have other relatively small sources of income and the tax I paid in 2007/8 was 94,169.87 In 2007/8 I personally received from the exchequer even including the contentious ACA 76,619 that means I paid the exchequer 17,550.87 more than the exchequer paid me. Adding up the figures on the same basis for 5/6, 6/7 and 7/8 I have paid the Exchequer 111,702.43 more than the exchequer has paid me. Apart from contributing from my salary to pay for staff salaries I pay of the order of an additional 35,000 a year from my own resources towards providing a good quality service to local people.

It will take some time to work out what my income is now. The recession means that it will go down, but I don't know by how much yet.

I take the view that my objective is to be effective as a local Member of Parliament and that is what I aim to achieve.

Comments

Popular posts from this blog

Statement re False Allegations Campaign

Many people will know that my family and I have been subject to a campaign of false allegations by Esther Baker for the past 4 1/2 years. Yesterday there was a court judgment Baker v Hemming [2019] EWHC 2950 (QB) which formally confirmed that the allegations were false. Esther Baker, who had brought a libel claim against me, dropped her defence of Truth to my counter-claim and was taken by the judge as no longer trying to prove her allegations. Due to Baker's various breaches of court rules and orders, she has been barred from further repeating her allegations even in the court proceedings. Further claim of mine in libel against Baker are ongoing. There is a good summary in the Daily Mail here.

This demonstrates the challenge in fighting false allegations in today's Britain. A substantial campaign was built up to promote allegations which had no substance to them. Various Labour MPs and in pa…

Statement re false allegations from Esther Baker

Statement by John Hemming
I am pleased that the Police have now made it clear that there has been a concerted effort to promote false criminal allegations against me and that the allegations had no substance whatsoever.
I would like to thank Emily Cox, my children, Ayaz Iqbal (my Solicitor), my local lib dem team and many others who supported me through this dreadful experience. There are many worse things that happen to people, but this was a really bad experience.
It is bad enough to have false allegations made about yourself to the police, but to have a concerted campaign involving your political opponents and many others in public creates an environment in which it is reasonable to be concerned about ill founded vigilante attacks on your family and yourself. Luckily there was a more substantial lobby to the contrary as well, which included many people who were themselves real survivors of abuse, which has helped.
I am normally someone who helps other people fight injustice. …

Service launched to reduce the pain of calling a call centre.

Click here to try the beta test call entre phoning service"John Hemming, who has created an internet Startup called Cirrostratus since he ceased being an MP, is launching a free online service to make life easier for people phoning call centres.   The service is provided by Cirrostratus, but the SIP backbone is provided by the multi-award winning business VoIP solution, Soho66." John said, "Many people find phoning call centres a real pain.  Our service is aiming to make things a lot easier.   One click on alink or the bookmarks list and our server will phone up the call centre and get through all the menus.  This is a lot faster than when people have to phone up and is less irritating." "Additionally the system uses WebRtc and the internet to make the call. This means that people don't find their normal phone system being blocked whilst they hang on the line waiting to speak to a human being." Marketing Manager from Soho66, David McManus, said: &q…