Wednesday, 30 January 2008

£10m and rising... Blair coffers swell with another job in the City

Tony Blair landed another highly-paid City job yesterday to take his earnings past £10million in the seven months since he left Downing Street.

He is well on his way to becoming Britain's richest former Prime Minister after becoming an adviser to the Swiss financial giant Zurich for an estimated £2million a year.

Mr Blair, 54, will assist the insurance firm on climate change and "developments and trends in the international political environment".

The lucrative appointment was set up by Lord Leitch, the New Labour peer and former chief executive of Zurich.

Until 2004, he was head of the UK arm of the global giant and remains a close friend of Blair and his successor Gordon Brown.

The peer donated £5,000 to Mr Brown's leadership campaign and Zurich has sponsored tables at Labour Party gala dinners.

Mr Blair's latest consultancy comes on top of his £2.5million-a-year job with Wall Street investment bank JP Morgan.

He has also had a string of speaking engagements reportedly bringing in £500,000 and received a huge advance for his memoirs. The speed at which he has amassed a bulging portfolio after leaving No10 only last June astonished MPs.

The former premier has balanced his business appointments with unpaid roles as a Middle East envoy and adviser to Rwanda.

He is also lobbying to be the first full-time president of the European Union from next year, which will pay £200,000 a year.


Well, the previous puppet of the UK is certainly being rewarded for taking us into Iraq and Afghanistan and for doing the work of Philip Rothschild and David Rockefeller. However, not everyone is happy. Here are just a few of the comments from the article.

"He is a pathetic excuse for a human being. He's an amoral, oily spiv, a moneygrabbing, two-faced liar that cares nothing for this country, or her people! If I had my way, him and that squatter in number 10 would both be tried for treason!"

"Not to worry, I really do believe in Karma! He should make hay while he can, one day he will pay the price. I hope and pray for him and his wife to get their comeuppance!A very greedy pair!"

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