As if Boris Johnson’s reputation couldn’t take more of a hiding, fresh after the revelations that the water cannons he was warned were a waste of time as London Mayor lost £300k, it emerges that having resigned from the cabinet he is coining it in, paid £90k for two-hour speech to a hedge fund.
Boris Johnson was paid a huge £90k for around two hours work on a speech, far exceeding his annual salary.
The fee, listed in parliament’s register of members’ financial interests, was £94,507 in total. He was paid by New York-based GoldenTree Asset Management for a “speaking engagement” on 8 November. Travel and accommodation were also provided.
He also takes in over £22k a month for his column in the Daily Telegraph.
This information has emerged at the same time his water cannons, he acquired during his time at Mayor of London, are to be moved on at a loss over over £300k. Sadiq Kahn, said that the water cannon vehicles had been sold to a firm that will dismantle them and export the costs.
The register also shows that in September and October of 2018, Johnson received over £9,000 for royalties on books already written, alongside a one-off fee of £2,000 for an peice in the Daily Mail.
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .