Tuesday, May 24

George Osborne earned now than as Chancellor after losing his job



George Osborne made more than £320,000 from giving speeches in the US in the months after he was sacked as Chancellor of the Exchequer, parlimentary records have been revealed.

The MP for Tatton, who already earns the standard salary of an MP which is £74,962, earned £81,000 for one speech he gave in October, according to the latest figures on the parliamentary register of members’ financial interests.

Mr Osborne, who had been David Cameron’s right-hand man for decades and campaigned for the UK to remain in the EU alongside the former Prime Minister, was sacked by Theresa May when she reshuffled her new cabinet in July.

© Provided by Independent Print Limited image

Since leaving government, Mr Osborne has delivered speeches at banks and universities in the US. The politician is currently awaiting two separate payments of £81,174 and £60,578 from the investment bank JP Morgan for delivering two speeches to the company in New York on the 27 September and 18 October.

He is also due to receive £80,240.16 from Pamex Derivatives for a two-hour speech in New York on 27 October and £69,992 from the Securities Industry and Financial Markets Association (SIFMA) for two 45 minute speeches on 27 September and 18 October.

Additionally, the think-tank the Hoover Institution at the prestigious Stanford University in California is to pay him £28,454.40 for a speech delivered on 17 October.

Mr Osborne told The Independent: “All information is disclosed, as required, in the register of members’ interests. It is quite right that, as a Member of the House of Commons, any income I receive is declared. That is what I have done and will continue to do so.”

Mr Osborne and his wife Frances Howell were also treated to a Paris trip and dinner totalling over £4,000 by the businessman Michael Bloomberg.

Last week, it was claimed Mr Cameron is charging up to £120,000 for one hour long talks, equating to £2,000 per minute.