Matthew Parris' article in the Times from Saturday this week suggests that MPs should be allowed to have outside jobs, it's just that too many of them have the wrong sort of outside job (by his definition that is things like Company Director, Barrister - i.e. the sort of job that is likely to give them experience of a rarified world that most do not inhabit). On the other hand he claims that MPs doing outside jobs like being a Doctor or participating in charity work are fine.
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