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From The Socialist newspaper, 5 November 2008

What recession?

FORMER PRIME Minister Tony Blair has 'earned' 12 million since he left office eighteen months ago. That includes a 4.6 million advance on his, as yet unreleased, memoirs. Blair is now the world's highest-earning public speaker, raking in some 5.3 million for giving after-dinner speeches to businesses. Companies have been prepared to pay up to 150,000 for a 90-minute speech.

Nave people may have treasured every word from Blair's lips when the febrile boom, based on debt and growing inequality, seemed to prosper on his watch. Now that boom has gone decisively bust, but it seems his marketability has not.

A private equity company, the Carlyle group, is keen to hire Blair. It handles investments for top politicians such as former Tory prime minister John Major and ex-president Bush, George W's father, who also used to speak publicly for them, for cash.

Blair's homes in Britain are still worth a fortune. Despite the collapse of the housing market, which threatens two million householders with negative equity, his two biggest properties - in Buckinghamshire and London - are still worth 8 million or so. No doubt Blair's speeches espouse the mantra: 'To him that hath, have some more!'

Roger Shrives

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In The Socialist 5 November 2008:

Striking against low pay


US election

Obama wins, neo-cons routed in US presidential elections

George Bush's toxic legacy

If Obama wins - Looking beyond the hope bubble


Socialist Party campaigns

Labour bashes lone parents

Canary Wharf: Low paid workers welcome socialist campaigners

Sri Lanka: Acting out oppression

What recession?

Fast news


Marxist analysis: history

1918 revolution: When German workers entered the stage of history


Socialist Students

New Labour retreats on promises to students

Victory over Tory school closure plan

Austria: Socialist players suspended from football club for anti-fascist activities

Year 9 SATs abolished: Now get rid of the rest!

Republic of Ireland: Student fightback


Socialist Party workplace news

Liverpool City Council: Housing maintenance workers fight for jobs

Fighting for a socialist solution to the crisis in the car industry

Shipyard strike for fair wage

Striking for trade union rights

Turkish dockers fight workplace 'massacres'


 

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Related links:

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triangleBritain bakes as water pipelines leak

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