David Blunkett has admitted he "made a mistake" and "must pay the price for it" by not referring to the Advisory Committee on Business Appointments about the details of directorships he had undertaken after he first left office as Home Secretary.
In a statement Mr Blunkett said he had done nothing wrong adding: “I have not committed any offence that would make the Prime Minister doubt my action as a minister.”
Saying he was standing down as Secretary of State for Work and Pensions to “protect the government“ from any further damage from the story surrounding him, Blunkett explained he called the Prime Minister’s office at 8.00am to discuss the continuing furore surrounding his position in the government and was asked to stay by Tony Blair.
It was, he said, having been persuaded to stay by the Prime Minister, on his journey back to Portcullis House that he changed his mind having reached the decision his position in the government had become “untenable.”
Having come to this conclusion, he asked his driver to turn around and head back to Downing Street to tender his resignation.
Blunkett also said he had declared his investment in DNA Bioscience on the Parliamentary register of interests as well as on a press release issued on 6 May when he took up his position as Secretary of State. He added the decision over a lucrative contract DNA Bioscience was keen to win from the government was not due to be made until 2008.IFAonline
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