He was awarded a peerage in the dissolution honours list on 28 May 2010.
In November 2014 the Wall Street Journal noted that in early August 2014 Blair had declared in the House of Lords register of interests his outside role as chairman of Blue Light Global Solutions, a consultancy in relation to policing and security, nationally and internationally.Blair's deleted this role from the register on 23 October 2014, as well as his role as a specialist adviser on security and policing to GHT-Global Ltd.
- Sir Ian Blair QPM, MA, Commissioner of Police of the Metropolis, Metropolitan Police Service, accessed 28 May 2010.
- Peerages, honours and appointments, number10.gov.uk, 28 May 2010.
- Politics and Business in the House of Lords Wall Street Journal, 10 November 2014, accessed 9 January 2015
- Interests amendments Parliament.UK, accessed 9 January 2015