Lords watchdog investigates Earl of Shrewsbury over financial rules

Earl follows fellow Tory peer Lady Mone in being investigated under rules against peers profiting from membership of house

The House of Lords commissioners for standards have launched an investigation into a second Conservative peer for allegedly breaching the rules against peers profiting financially from their membership of the Lords.

The investigation into the Earl of Shrewsbury, an elected hereditary Conservative peer who has been a member of the Lords for 41 years, has been announced by the standards commissioners on their website.