London Evening Standard: £10m and rising... Blair coffers swell with another job in the City
30.01.08
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"....
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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. Insiders said he is making as much money as possible now in case he is given the role, which would force him to give up other commitments.
Mr Blair's office and Zurich refused to confirm how much he would receive. But a source said: "Tony does not pick up the phone or lift a pen for less than £1million."...
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Norman Baker, the campaigning Liberal Democrat MP, said: "Has the man no shame? It is a huge embarrassment for Britain to have a former Prime Minister hawking himself around with a big "For Sale" sign around his neck."
Mr Blair also receives £90,000 for office costs and a prime ministerial pension of £64,000, which will double when he hits retirement age....
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