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David Cameron has said he is "very happy" with assurances he has been given by Lady Warsi about her conduct following recent allegations. The Tory co-chairman failed to declare she and a relative had stakes in the same firm before travelling together to Pakistan on a government trip in 2010. Lady Warsi has apologised and the prime minister has referred the matter to his adviser on the ministerial code. But the PM said he believed the probe was a matter of tying up "loose ends". However, one Conservative MP has said Lady Warsi should stand down pending the investigation by Sir Alex Allan, No 10's adviser on ministerial interests, into whether she broke the ministerial code. The ministerial code requires ministers to ensure no real or perceived conflict between their official responsibilities and their personal interests. Lady Warsi, who sits in the cabinet as minister without portfolio, said it was "widely known" - both in her private office and the British High Commission in Pakistan - that Abid Hussain was her husband's second cousin.