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From The Socialist newspaper, 17 January 2008

Blair's rewards from big business

SO TONY Blair has a new 2.5 million a year job as a part-time adviser to the international financial services and investment banking group, JPMorgan.

This is a banking group that is profiting from the Iraq war that Blair and Bush led. It was chosen to run the Trade Bank of Iraq, which has raised billions in 'trade guarantees' by mortgaging future oil production. It aims to make massive profits from these deals.

It is also now the case that Blair will be promoting JPMorgan's commercial interests in the Middle East and worldwide, while at the same time supposedly playing a public role in his other job as a Middle East 'peace' envoy on behalf of the US, Russia, the UN and the EU.

The Daily Telegraph estimates that when you add Blair's 5 million advance on his memoirs to the estimated 1.2 million he will make giving lectures, 210,000 a year in pension and benefits for being an ex-PM, over 2 million from JP Morgan and possibly 2 million from other new posts, he will be on over 10 million a year!

All this for someone who brought many people mounting debt and poverty, with a recession now in the offing and massive hikes in the cost of living.

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In The Socialist 17 January 2008:

Fight for a living wage

Burslem: Support victimised postal workers

Editorial: Fight three year low pay tie-ins


Environment and socialism

Stop nuclear power plans NOW!

Is the burning of fossil fuels causing climate change?


Sleaze

Hain's sorry saga of sleaze

Blair's rewards from big business


Anti-Cuts campaigns

Fire cuts threat to our public safety

Cardiff schools campaign grows


Housing Crisis

Nationalise Northern Rock - permanently

Growing crisis in housing


Socialist Party news

Save our post offices

Salford says: "Don't close our women's centre"

'Them and Us': news shorts


Trade unions

Feature: Building the shop stewards' movement


Socialist Party campaigning

Ideas for campaigning and fundraising


International socialist news and analysis

Sri Lanka: New year starts with atrocities

Biggest miners' underground occupation in Polish history


Socialist Party review

Review: More Time for Politics, Diaries 2001-2007, by Tony Benn


Socialist Party workplace news

Reinstate Karen Reissman - defend mental health services!

Derby nurses fight management attacks

Liverpool: City of Cuts

Vote Jim Cessford


 

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