Swire’s mate Osborne one of the fattest of fat cats

“George Osborne is close to earning £1m for making speeches since being sacked as chancellor. His latest entry on the MPs’ register of interests shows he is set to be paid more than £150,000 for talks delivered last month.

He had already declared expected earnings of £786,450 for a series of speeches since losing his cabinet job when Theresa May took office.

The latest update shows he is set to receive a payment of £51,842 for a speech to the New York University in Abu Dhabi on 4 March. A further £51,754 is expected from the Hungarian central bank for two speeches, on 1 and 2 March, while £51,540 is expected from asset management firm Insight Investment for a speech on 17 March. These sums take his earnings from speeches up to £941,586.

As well as the speech income, Osborne is set to earn £650,000 a year working as an adviser to the US asset management fund, the BlackRock Investment Institute.

The register shows Osborne expects to be paid £162,500 a quarter for 12 days working as an “adviser on the global economy” and £120,000 this year to be a Kissinger fellow at the McCain Institute in Washington DC.

Osborne is yet to take up his most eye-catching appointment, as editor of the London Evening Standard, so details of his earnings from the role have not been entered in the register.

Despite his other interests, he has vowed to continue as MP for Tatton – a job which pays £74,000.”


Swire much admires his pal having so many irons in the fire. Here are a few comments on George’s jobs from his recent blog post:

“The reality is that in all George’s Osborne’s positions he is being employed as a figure head rather than the man that gets his hands dirty. …

Sometimes we just can’t win! I remember the days when George Osborne (who had never had a job outside politics) was accused of being a member of the political class, a ‘professional politician’ who had no understanding of the real world because he only operated in the Westminster bubble. Ironically now he is a mere backbencher he is being criticized for going out to work! …

If an MP uses his time efficiently he has plenty of room for other interests. I, for example, have some paid outside interests but I’m also Chairman of the Conservative Middle East Council (CMEC) and Deputy Chairman of the Commonwealth Enterprise and Investment Council (CWEIC); both these posts keep my interest in foreign affairs active and enable me to ask informed questions to the executive on foreign matters. …

I fear much of the uproar surrounding Mr Osborne’s new jobs tells us more about salary envy than anything else, and that is not a good basis for an argument. …”