Link to this page: http://www.socialistparty.org.uk/issue/516/3637
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:
Burslem: Support victimised postal workers
Editorial: Fight three year low pay tie-ins
Environment and socialism
Is the burning of fossil fuels causing climate change?
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
Socialist Party news
Salford says: "Don't close our women's centre"
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
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