Andrea Leadsom
Andrea Jacqueline Leadsom is a British Conservative politician who served as Secretary of State for Business, Energy and Industrial Strategy from 2019 to 2020, and has served as Member of Parliament for South Northamptonshire since 2010. Leadsom served as the Leader of the House of Commons from 2017 to 2019. Leadsom has twice run to become Leader of the Conservative Party, in 2016 and 2019.
After graduating with a degree in political science at the University of Warwick, she began a career in finance including working as Institutional Banking Director at Barclays, and later as Senior Investment Officer and Head of Corporate Governance at Invesco Perpetual.
Leadsom was a prominent member of the Leave campaign during the 2016 EU referendum, and gained standing in referendum TV debates. On David Cameron's resignation, Leadsom became one of five candidates in the election for the leadership of the governing Conservative Party, and thereby for the role of Prime Minister. In the second round of voting by MPs, she came second to Theresa May. May appointed Leadsom as Secretary of State for Environment, Food and Rural Affairs.
Leadsom served in the May Government as Environment Secretary from 2016 to 2017. She had previously served in the Cameron–Clegg coalition as Minister of State for Energy at the Department of Energy and Climate Change from 2015 to 2016, and Economic Secretary to the Treasury and City Minister from 2014 to 2015. Following the snap election of 2017, Leadsom was appointed Lord President of the Council and Leader of the House of Commons. On 22 May 2019, she resigned in protest at May's Brexit strategy. Two days later, May announced her resignation as party leader, taking effect on 7 June.
She stood to be leader of the Conservative Party in June 2019 but was eliminated in the first round of voting, finishing 8th out of 10 candidates with 11 votes.
Early life and financial career
Leadsom was born in Aylesbury, Buckinghamshire, the daughter of Richard and Judy Salmon. She attended Tonbridge Girls' Grammar School, then read Political Science at the University of Warwick.After graduation, Leadsom began a career in the financial sector as a debt trader for Barclays de Zoete Wedd, then the investment bank division of Barclays Bank. For Barclays itself, she served as Deputy Director in the Financial Institutions team from 1993; this involved the maintenance of contractual relationships with other banks. In this role, she said she was given a "ringside seat" in the collapse of Barings Bank. Leadsom clashed with the head of Barclays Investments who tried to persuade her to return to full-time work soon after a pregnancy, and she left the company in 1997. Later, in July 2016, she submitted a CV which showed that she had served as Deputy Director.
From 1997 to 1999, Leadsom served as Managing Director of De Putron Fund Management. In 1998 she was promoted to board director for marketing.
Leadsom was Head of Corporate Governance and a Senior Investment Officer at Invesco Perpetual from 1999 to 2009. Her role was to work on “special projects”, mostly for the Chief Investment Officer, which included negotiating pay terms for senior fund managers. Towards the end of her time, she advised on a number of governance issues, but she had no-one reporting to her in either role. A former colleague knew Leadsom when she was working in corporate governance. Approval for individuals to manage funds or deal with clients is needed from the financial services regulator, which Leadsom held from December 2002 to February 2003. Leadsom has never claimed to have personally been a fund manager, and Bob Yerbury, former Chief Investment Officer at Invesco Perpetual and Leadsom's former manager, dismissed the controversy about how she described her time there and described her as "totally honest".
Leadsom was a Councillor on South Oxfordshire District Council between 2003 and 2007.
She contested the safe labour seat of Knowsley South constituency in the 2005 general election unsuccessfully and finished in third place, despite this, the incumbent Labour MPs majority was reduced significantly. She was subsequently placed on the Conservative A-List and later chosen to represent the newly created seat of South Northamptonshire.
Political career
Member of Parliament
Leadsom was selected to stand as the parliamentary candidate in the newly-created South Northamptonshire constituency in June 2006. In 2009, ConservativeHome said that she was "defending a notional Conservative majority of 11,356." At the 2010 general election in May, Leadsom was elected with a majority of more than 20,000. On entering the House of Commons she was elected as a member of the Treasury Select Committee. She made her maiden speech on 22 June 2010 during the budget debate, when she spoke of restoring health to the financial sector, drawing from personal experience in financial regulation, particularly with Barings Bank.Leadsom campaigned for EU reform. In September 2011, she co-founded the Fresh Start Project with Conservative MPs Chris Heaton-Harris and George Eustice to "research and build support for realistic and far-reaching proposals for reforming the EU". On 25 October 2011, Leadsom was one of 81 Conservative MPs to defy the party whip and vote in favour of holding a referendum on the UK's membership of the European Union. This led to a sharp ruction with the Chancellor of the Exchequer, George Osborne, at the time, which she denies.
In July 2012, during the Libor scandal, she was widely reported on for her contribution to the Treasury Select Committee's questioning of Bob Diamond. At a subsequent hearing she questioned Paul Tucker, who stated that the previous government had not conspired with the Bank to fix rates. In a BBC interview, Leadsom stated that the suggestion "has now been completely squashed by Paul Tucker", and that on that specific point, George Osborne might want to apologise to Shadow Chancellor Ed Balls for "suggesting he was implicated in rate fixing", although she also pointed out that Balls "still a huge amount to answer for in relation to the scandal and his time in office". Mike Smithson suggested this could be a reason for Osborne to overlook her for a promotion in the 2012 cabinet reshuffle, despite the fact that "in terms of talent she must be right at the top of the list of 2010 newbies who should be promoted." In 2012, Leadsom was ranked 91 on Iain Dale's list of top 100 most influential figures from the right.
Leadsom was one of five MPs to abstain from the Government's Marriage Bill by voting in both lobbies. Leadsom had earlier said she found the wording of the legislation "unacceptable", and that voting no reflected the views of "so many" of her constituents, who felt that the bill was "deeply wrong", but ultimately chose to abstain, saying, "I find myself genuinely torn...I cannot vote against a measure that would mean so much to the minority of homosexual couples for whom marriage is the ultimate recognition for their genuine feelings for each other. Yet nor can I vote for a measure that risks centuries of faith-based belief in marriage." During her Conservative Party leadership campaign in 2016, she stated she would have preferred a situation in which there were two types of services. Following the vote, Leadsom stated, "I would like to make clear that I fully support the lifelong commitment that is made between any loving couple and that I believe the legal basis of a same sex marriage should be no different to that of a heterosexual couple."
In October 2013, Leadsom was appointed by David Cameron to the Number 10 Policy Unit, with responsibility for part of the public services brief.
Economic Secretary to the Treasury
On 9 April 2014 Leadsom was appointed Economic Secretary to the Treasury following Maria Miller's resignation from the Cabinet. She was also given the additional responsibility of City Minister, a post which had previously been held concurrently with the position of Financial Secretary to the Treasury. Leadsom received praise for her dealings with Icelandic Minister of Finance, Bjarni Benediktsson, for delivering "an almighty dressing down from the fearsome Leadsom."Leadsom was instrumental in introducing the UK Government's first Islamic bonds, the Sukuk. This was the first Islamic bond listed outside the Islamic world. Leadsom stated "the strong demand for the Sukuk not only delivers good value for money for the taxpayer, but also cements Britain’s position as the western hub of Islamic finance and is a part of our long term economic plan to make Britain the undisputed centre of the global financial system."
According to the Financial Times, her period as City Minister was seen by departmental officials as "a disaster", "the worst minister we ever had. … She found it difficult to understand issues or take decisions. She was monomaniacal, seeing the EU as the source of every problem. She alienated officials by continually complaining about poor drafting."
Inheritance tax
In about 1997, she formed the company Bandal with her husband, and bought property in Oxford and Surrey. The company was financed by loans from the Jersey arm of Kleinwort Benson, a private bank. It was learned in 2014 that Leadsom had transferred her shares to a trust fund for her children. A spokesman for Leadsom said: "This is a normal corporate situation and all tax that is due is being paid. None of the loans for the properties are based offshore".Donations from family firm
There was further criticism in 2014 when The Independent revealed that she had received a series of donations totalling £70,000 to pay for printing and research costs for the FSP over the course of three years. The company is owned by her brother in law, whose family is based in the British Virgin Islands. Leadsom's husband Ben is a director of the firm which made the donations, which were used to pay the salaries of staff in Leadsom's Westminster office after her election as MP; the firm has also made donations of £816,000 to the Conservative party. Because the firm making the donations, Gloucester Research, was based in London, the donations conformed to the rule banning political donations from abroad. The Labour MP Tom Watson said: “These very large donations might be within the rules, but it certainly isn’t right that a Treasury minister has been taking money in this way. Most reasonable people will see this as completely unreasonable”.Minister of State for Energy
Leadsom was re-elected as MP for South Northamptonshire on 7 May 2015 with 36,607 votes, compared to her nearest rival Lucy Mills, with 10,191 votes. On 11 May 2015, Leadsom, who had previously opposed wind farms and European renewable energy targets, was moved from Economic Secretary to the Treasury, to be appointed Minister of State at the Department of Energy and Climate Change, reporting to Amber Rudd who was promoted to Secretary of State at the same department.In 2015 Leadsom announced the end of taxpayer funded subsidies for onshore wind farms, stating "we now have enough onshore wind in the pipeline to be sufficient to meet our renewable electricity aims". This was a year earlier than was originally planned and was in line with the Conservative Party Manifesto.
Brexit campaign
Leadsom took a prominent role in the campaign to leave the EU in June 2016. She argued that the Governor of the Bank of England, Mark Carney, had destabilised financial markets and jeopardised the Bank's independence by warning of short-term negative effects on the economy caused by leaving the EU.In a televised debate on the referendum, Leadsom appeared on the "Leave" panel, along with Gisela Stuart and Boris Johnson. She disputed claims that the UK should pursue single market membership, saying that 80% of the world's economy, and most EU free-trade deals, are not within the single market. She also said that the UK economy is too large to need the single market, but is hindered by the slowness of EU trade procedures.
Conservative leadership election, 2016
Immediately following the referendum vote on 23 June 2016 for Britain to leave the EU, David Cameron announced that he would resign as leader of the Conservative Party and Prime Minister by October. Leadsom was one of the early favourites to become the next Prime Minister, and was also linked with a possible role as Chancellor. On 30 June 2016 she announced her candidacy to become leader of the Conservative Party. Leadsom said she would trigger immediately upon becoming Prime Minister, and conduct swift negotiations with the European Union.In the first round of voting on 5 July 2016, Theresa May received support from 165 MPs, while Leadsom came second with 66 votes. In the second ballot, Leadsom came second with 84 votes. Michael Gove was eliminated with 46 votes. Theresa May received 199 votes. On 11 July 2016, Leadsom announced she would be withdrawing her leadership bid, leaving Theresa May as the successor to David Cameron.
Interviews
In a BBC interview on 7 July 2016, Leadsom spoke of her disappointment about plotting in the leadership race, including alleged attempts by opponents to block her from the final ballot. She dismissed as "ridiculous" accusations that her biography was misleading, saying that her "incredibly varied" CV is "all absolutely true".Leadsom promised to "banish the pessimists" and to provide prosperity for the UK if elected, and stated that she was committed to fair trade. She also stated that she would review the Hunting Act with a focus on animal welfare if elected, and was asked about her concerns over the legislation passed to introduce same sex marriage. Prior to 2017 election Leadsom advised Theresa May not to repeat her promise to allow parliamentary time to discuss repealing the hunting ban, but was overruled. She also criticised her rival Theresa May's plan to use the status of EU nationals living in the UK as "bargaining chips", promising that if she was elected they could stay.
Alleged exaggeration of pre-government jobs and responsibilities
On 6 July 2016 The Times and other news media published articles which said that Leadsom had overstated her private sector experience and responsibilities. They said that despite references her supporters had made to her managing "billions of pounds in funds" and her impressive-sounding job titles, she had held financial services regulator approval for only a brief three-month period in 10 years at Invesco Perpetual, and quoted former colleagues who said that she had exaggerated her level of involvement and her management responsibilities. Bob Yerbury, former Chief Investment Officer at Invesco Perpetual and Leadsom's former manager, dismissed the controversy about how she described her time there and described her as "totally honest".Penny Mordaunt, a Leadsom supporter, described the reports as "a concerted effort to rubbish a stellar career". Leadsom then issued an amended CV, which The Guardian said listed both deputy financial institutions director, and financial institutions director roles at Barclays. Leadsom defended her CV in a BBC interview, saying claims of it being exaggerated were "ridiculous". "I have not changed my CV," she said. "I was always very clear; I was senior investment officer working very closely with the chief investment officer. I have been very clear; I'm not a funds manager. I was, in Barclays and BZW, managing huge teams of people and large budgets and responsible for the trading relationships. To be very careful not to mislead, Barclays is a very big player in the large corporate and institutional banking world, and so the trading relationships are enormous – billions and billions and billions of pounds. So, when I was there as the financial institutions director responsible for UK banking relationship, the responsibility was for billions of pounds of trading lines and facilities to those companies … I've never said I was a fund manager and I've never been a fund manager", she said. According to FSA records she was authorised to manage money for only three months.
Comments about motherhood
Leadsom's comments in an interview with The Times were interpreted as hinting that her being a mother meant that she was a better choice for Prime Minister than May, who has not been able to have children for health reasons, because it meant that she had "a very real stake" in the future. She said that she "did not want this to be 'Andrea has children, Theresa hasn't' because I think that would be really horrible". After The Times published the story, with the headline "Being a mother gives me an edge on May", Leadsom said that she was "disgusted" by the article, which was the "exact opposite of what I said". The Times later released a partial transcript of the comments, and when Leadsom supporter Penny Mordaunt said that it was trying to "smear" Leadsom, The Times released an audio recording. Her comments were widely criticised with fellow Conservative MPs including Sarah Wollaston and Anna Soubry suggesting the remarks showed she lacked the judgement to be Prime Minister and calling upon her to withdraw. Alan Duncan described her remarks as "vile". Tim Loughton, Leadsom's campaign manager for the leadership contest, said that the establishment were ganging up on her.Comments about men and childcare
In an interview with The Times, Andrea Leadsom suggested men should not be hired to look after young children as they might be paedophiles. In the interview she said: "As an employer we’re not, let’s face it, most of us don’t employ men as nannies, most of us don’t... Now you can call that sexist, I call that cautious and very sensible when you look at the stats. Your odds are stacked against you if you employ a man... We know paedophiles are attracted to working with children. I’m sorry but they’re the facts.".Questions over financial affairs
She promised to publish her tax returns when she made it to the final ballot of the leadership election. Three days later she published "one year of tax information after rival Theresa May released four years’ worth of tax returns". Richard Murphy, director of Tax Research UK, a tax campaign group, said “This isn’t her tax return, it’s a tax computation...It’s a summary of numerical information but not an explanation of where it came from or what tax is due. It excludes all the information that might be of interest, so she has not published her tax return.”"Black ops" allegation
Former conservative leader Iain Duncan Smith alleged that the intensity and nature of the sniping at Andrea Leadsom revealed ulterior motives, unconnected to her fitness for the post, saying to journalist Robert Peston that they indicated "a kind of real 'black-ops' operation to denigrate her reputation", writing later it constituted a "concerted and brutal attempt to destroy her character". Allison Pearson in The Sunday Telegraph wrote, "I have no doubt whatsoever that Leadsom became the target of a brutal and sustained character assassination." The next day she wrote, "Andrea Leadsom has nothing to be ashamed of: her conscience is clear. Those who sought to destroy her should examine theirs, if they can find it." Norman Tebbit described the efforts to remove her candidature as an intense smear campaign, saying that he suspected they may have arisen from her opposition to gay marriage as much as her Euroscepticism.Withdrawal from the leadership contest
On 11 July 2016 Leadsom withdrew from the Conservative leadership election, stating that she did not have enough support for her cause, with only a quarter of the votes from the parliamentary party. The previous day The Sunday Times had reported a rumour that up to 20 Tory MPs would quit the party if Leadsom won the leadership contest; this was later supported by reports in other news media but "denied by MPs" according to The Guardian.In her statement Leadsom said: "the interests of our country are best served by the immediate appointment of a strong and well-supported prime minister. I am therefore withdrawing from the leadership election, and I wish Mrs May the very greatest success." Her campaign manager, MP Tim Loughton spoke about an "onslaught of often very personal attacks from colleagues and journalists" as well as "underhand tactics against decent people". Leadsom had been under pressure from the news media, with reports criticising her exaggeration of business and management experience and her suggestion that motherhood strengthened her candidacy for Prime Minister. Leadsom charged The Times with "gutter journalism" in response to the article about the motherhood issue. The Times subsequently released the audio tapes of the interview to confirm Leadsom's statement. Although she subsequently apologised "for any hurt I have caused" to Theresa May, she also related that she had felt "under attack, under enormous pressure … It has been shattering."
Her resignation statement did not touch on either controversy or her personal feelings. Instead, she thanked the 84 MPs who had supported her, conceding that "this is less than 25% of the parliamentary party and... I do not believe this is sufficient support to win a strong and stable government should I win the leadership election". After her appointment as a Cabinet minister, other comments that Leadsom had made during the leadership race came to light and also led to criticism. During the 6 July 2016 interview with The Times, she had stated that men were more likely to be paedophiles than women and hence, were not suitable to be hired for jobs in daycare. Several MPs in opposition parties called for May to dismiss Leadsom from the Cabinet but the prime minister declined to do so.
Secretary of State for Environment, Food and Rural Affairs
Following Theresa May's cabinet shuffle on 14 July 2016 Leadsom moved from her role as Energy Minister to become Secretary of State for Environment, Food and Rural Affairs.In April 2017, following the announcement of the general election in June, Leadsom was instructed to delay a report of illegally high levels of diesel pollution affecting over half the population until after the election. Constitutional experts Dr Jo Murkens and Colin Talbot agreed it was a health issue and therefore not affected by the election and the government was instructed to appear in the high court to explain the delay.
Criticism of broadcasters
On the anniversary of the Brexit vote, Leadsom was invited to discuss progress on Newsnight and claimed that the government had made "a good start." While being interviewed by Emily Maitlis, Leadsom suggested broadcasters should be "a little more patriotic." Tim Farron described her remarks as "a sinister threat to the free media," a comment echoed by Hugo Rifkind in The Times, whilst Peston on Sunday mockingly displayed his patriotism by decorating the studio with Union Jacks.Lord President of the Council and Leader of the House of Commons
On 11 June 2017, Leadsom was appointed Lord President of the Council and Leader of the House of Commons. In this capacity, in July 2017, while attempting to eulogise Jane Austen, who was about to feature on the new £10 note scheduled to go into circulation in September, Leadsom told the House of Commons: "I would just add one other great lady to that lovely list, who I am delighted to join in celebrating, and that's that of Jane Austen, who will feature on the new £10 note, which I think is one of our greatest living authors." Amid laughs from both benches, she corrected herself, adding: "Greatest ever authors, and I think it's fantastic that at last we are starting to recognize – well I think many of us probably wish she were still living – but I absolutely share the sentiment."On 14 January 2019, Leadsom was criticised in the House of Commons by the Speaker of the House, John Bercow for the failure of the government to advance the cause of proxy voting for expectant mothers. The issue came to a head due to the imminent caesarean section delivery by Tulip Siddiq at the time of the rescheduled meaningful vote on 15 January 2019.
On 31 January 2019, Leadsom said the House of Commons' February recess from 15 to 24 February would be cancelled to free up time to pass the necessary Brexit-related legislation. Earlier in the day, her cabinet colleague Jeremy Hunt raised the possibility of Brexit being delayed with a technical extension to Article 50. The Times newspaper reported that senior Government ministers fear that it is already too late to meet the Brexit deadline of 29 March, and that Conservative MPs have been told that a one-line whip is expected to be imposed on votes in the Commons during the week of 18–22 February.
Leadsom resigned as Leader of the House of Commons on 22 May, the eve of the European elections, as a result of Theresa May's most recent Brexit proposals, including the offer of votes in the House of Commons on a customs union and a second referendum.
Conservative leadership election, 2019
On 8 May 2019, Leadsom stated she was "seriously considering" a bid for the party leadership.Leadsom officially announced her candidacy on 25 May, the same day that Matt Hancock and Dominic Raab also announced they were running. She was proposed and seconded by fellow MPs Chris Heaton-Harris and Heather Wheeler. Leadsom was eliminated from the contest in the first ballot, on 13 June 2019, and came overall in eighth place out of ten candidates.
Secretary of State for Business, Energy and Industrial Strategy
On 24 July 2019, Leadsom was appointed Secretary of State for Business, Energy and Industrial Strategy by incoming Prime Minister Boris Johnson.On 19 October, she said she was subject to "frightening abuse" from anti-Brexit demonstrators whilst leaving the Palace of Westminster. Jacob Rees-Mogg and Michael Gove were also targeted as they left following a House of Commons sitting. Leadsom was given a police escort through crowds gathered for a People's Vote rally, who were protesting for a further public vote on Brexit.
Leadsom retained her seat with an increased majority at the 2019 general election.
In 2020 the environmental law charity ClientEarth unsuccessfully sued the UK Government after Leadsom approved proposals for the expansion of the gas-fired Drax Power Station in Yorkshire. According to the charity, the power station could produce 75% of the UK’s energy sector emissions when fully operational and would become the largest gas-fired power station in Europe.
She was relieved of her duties as Business Secretary in the 2020 British cabinet reshuffle undertaken by Boris Johnson on 13 February 2020.
Political views
Leadsom said in 2016 that she was "absolutely pro-choice" on abortion, but was "keeping an eye on scientific progress which makes foetuses viable earlier". She is concerned about child development, and founded a charity which helps vulnerable mothers to bond with their babies. In the 2016 US Presidential election she supported Democratic Party candidate Hillary Clinton against Republican Trump. When seeking the Premiership she said she "absolutely would rule out giving Nigel Farage a job".She said that if she became Prime Minister she would reform the ban on fox hunting to ensure greater protections for animal welfare. Prior to the 2017 election, Leadsom advised Theresa May not to repeat her promise to allow parliamentary time to discuss repealing the hunting ban, but was overruled.
Environment
Before becoming Minister at the Department of Energy and Climate Change, Leadsom had opposed wind farms and EU renewable energy targets. After her appointment she said "When I first came to this job one of my two questions was: 'Is climate change real?' and the other was 'Is hydraulic fracturing safe?' And on both of those questions I am now completely persuaded."As Minister, Leadsom launched the consultation to ban microbeads. Leadsom was personally opposed to microbeads, stating "Most people would be dismayed to know the face scrub or toothpaste they use was causing irreversible damage to the environment, with billions of indigestible plastic pieces poisoning sea creatures. Adding plastic to products like face washes and body scrubs is wholly unnecessary when harmless alternatives can be used."
In her role as Secretary of State for the Department for Energy, Food and Rural Affairs, Leadsom stated she was “personally deeply committed to the importance of ensuring clean air”.
Prior to 2017 election Leadsom advised Theresa May not to repeat her promise to allow parliamentary time to discuss repealing the hunting ban, but was overruled.
European Union
In April 2013 at the Hansard Society's annual parliamentary affairs lecture, Leadsom warned against the UK leaving the European Union, stating that "I think it would be a disaster for our economy and it would lead to a decade of economic and political uncertainty at a time when the tectonic plates of global success are moving."However, in 2016 Leadsom campaigned for leave in the UK referendum on European Union membership. The Mail on Sunday reproduced her earlier comments in its issue of 3 July 2016. After her comments were read out by Andrew Marr on his Sunday morning BBC programme, she explained to Marr how she reached her more recent position: "It has been a journey. When I came into Parliament, like most people in the country I'd grown up as part of the EU and it's absolutely part of our DNA and I came into Parliament, set up something called the Fresh Start Project, which took hundreds and hundreds of hours of evidence about how the EU impacts on the UK – on everything from immigration to fisheries and so on... During that process I travelled all across Europe with lots of parliamentary colleagues – up to 100 Conservative colleagues supporting this work – to try and get a really decent, fundamental reform of the EU." A spokesman for Leadsom said that the recording was "taken completely out of context" because she had opened the lecture by saying that the EU needed major reforms in order for it to be "sustainable". She added that the democratic consent for the EU in Britain was "wafer thin".
Charity support
Leadsom was a founder of the Northamptonshire Parent Infant Partnership, a charity providing therapeutic support to help parents bond with their babies who have insecure attachment, and also founded PIPUK, the national charity for Parent Infant Partnerships which set up branches in four further counties since its inception. NORPIP was originally set up with funding from the Ana Leaf Foundation, of which Leadsom's sister Hayley, wife of Peter de Putron, is a trustee.Personal life
She married business manager Ben Leadsom in 1993 and has two sons and one daughter. Following the birth of her first child, she suffered from postnatal depression for several months.Leadsom states that Christianity has a central role in her life. She told Tim Ross of The Daily Telegraph: "I am a very committed Christian. I think my values and everything I do is driven by that." She participates in "various Bible studies groups" with other parliamentarians and prays "all the time" and has discussed her Christian faith openly in a video hosted on the website of the all party parliamentary group Christians in Parliament.