‘Tory elite is laughing all the way to the bank’, says Plaid Cymru MP
Plaid Cymru’s Westminster leader has accused the “Tory elite” of “laughing al the way to the bank” after revelations about David Cameron’s finances.
Liz Saville Roberts, the MP for Dwyfor Meirionnydd, hit out after an investigation by the BBC’s Panorama programme showed the former Prime Minister made more than £7 million from Greensill Capital before it collapsed.
Panorama obtained a copy of a letter which said Cameron was going to be paid $4,569,851.60 (about £3.3m) after tax for a tranche of his Greensill shares.
As well as the shares, Cameron was said to have received a salary of $1m (£720,000) a year as a part-time adviser.
Panorama also claimed he was paid a bonus of $700,000 in 2019 on top of his salary.
Greensill, which made its money by lending to businesses, went into administration in March, leaving investors facing billions in losses.
Before its collapse, Cameron unsuccessfully tried to persuade ministers to invest taxpayers’ money in Greensill loans.
The former Prime Minister has been cleared of breaking any lobbying rules but MPs said he had been guilty of a “significant lack of judgement”.
‘Private matter’
According to a spokesman for the former Prime Minister, his remuneration was a private matter.
Cameron’s spokesman said: “He acted in good faith at all times and there was no wrongdoing in any of the actions he took.”
Liz Saville Roberts said: “David Cameron pocketed £7.2 million for 2.5 years’ part time work for Greensill
“What did he do for his salary?
“He lobbied fellow Tories in the Government
“The Westminster Tory elite are laughing all the way to the bank while the rest of us suffer the consequences.”
Support our Nation today
For the price of a cup of coffee a month you can help us create an independent, not-for-profit, national news service for the people of Wales, by the people of Wales.
Nothing new, or surprising here. I post a link from the Times newspaper from 2005 showing how former PM Ted Heath made his money from insider dealing, but still the average voter in England will vote for the Tories, dirty or not.
https://www.thetimes.co.uk/article/heath-grew-rich-on-insider-deals-2zc3x2770g7
It’s amazing how no effort is made to hide Heath’s wealth. He came from an ordinary background, and his pre-political career wasn’t massively paid, yet he won the Sydney–Hobart race in his own yacht, and his house in Salisbury Cathedral Close is openly promoted as a tourist attraction as if no one would question its affordability on a prime minister’s salary.
….. and yet I know many families and individuals who struggled under David Cameron’s austerity programme.
There really is no point in complaining about the Tories – we’ve known for years what they are like and have done nothing (as a country, UK) to stop them. We in Wales can stop them – it’s called independence.
Agree. Austerity always Tory policy…………..for us. We in Cymru are not morally superior but we can, as a small independent nation, succeed in creating a fair and just society.
No wonder he’s always looking so smug and pleased with himself. VERY GOOD AT THE ROBBER BARON ACT .
And yet morons keep voting for them. Half of all British voters are masochists
American joke about Yukkers. “Yea, oim wery umble, sir. Wery umble indeed. Woi oim trynin me douter ter be a doormat”