The Conservative MP at the centre of a lobbying controversy is to stand aside from the chairmanship of the Energy and Climate Change Committee.
Tim Yeo said tonight that he was making the move while the Parliamentary Standards Commission investigated lobbying allegations against him.
The MP for South Suffolk referred himself to the commission after being caught up in lobbying stings. On Sunday the Sunday Timesreported that he had boasted of coaching the managing director of a company before an appearance in front of the select committee. He is also alleged to have offered to use his contacts, including talking to ministers in private, to further the interests of clients.
Mr Yeo said the newspaper had made “a number of damaging allegations” which he totally rejected.
Mr Yeo, who has chaired the committee since June 2010, has previously faced questions over his extensive financial interests in the green energy sector. He has earned more than £500,000 from outside interests since taking over the chairmanship, according to the register of members’ interests.