Politics

‘Architect of austerity’ used Greensill jets to travel to £120k an hour speaking gigs

David Cameron used private jets owned by Greensill Capital to fly around the world for speaking engagements, the Financial Times has revealed.

The former Prime Minister, known as the architect of austerity, would frequently use the “plushy furnished aeroplanes” to travel around the world.

According to the reports he charged at least £120,000 an hour for speaking engagements, a handsome sum which has stuck in the craw of many people on social media this weekend.

Austerity in Britain

Cameron and chancellor George Osborne popularised austerity in Britain after coming to power in the aftermath of the financial crisis.

In his keynote speech to the Conservative Party forum in Cheltenham on 26 April 2009 Cameron declared that “the age of irresponsibility is giving way to the age of austerity” and committed to end years of what he characterised as excessive government spending.

The austerity programme included reductions in welfare spending, the cancellation of school building programs, reductions in local government funding, and an increase in VAT.

Spending on the police, courts and prisons was also reduced.

UN report

In 2018 a UN report revealed that the drastic cuts to social support and welfare risked damaging the very fabric of British society.

Concluding his 12-day visit to the country the UN Special Rapporteur on extreme poverty and human rights, Philip Alston, said the UK Government’s policies entrenched high levels of poverty and inflicted unnecessary misery in one of the richest countries in the world.

Alston concluded that the benefits system, epitomised by Universal Credit, is driven by the desire to get across a simple set of messages that the state “no longer has your back” and that “you are on your own”.

He said: “What goes along with that is a sense that we should make the system as unwelcoming as possible.

“That people who need benefits should be reminded constantly that they are lucky to get anything.

“That nothing will be made easy” and “that sanctions should be harsh, should be immediate and should be painful”.

Related: Sunak remains silent on Biden’s plan to create a global tax floor

Jack Peat

Jack is a business and economics journalist and the founder of The London Economic (TLE). He has contributed articles to VICE, Huffington Post and Independent and is a published author. Jack read History at the University of Wales, Bangor and has a Masters in Journalism from the University of Newcastle-upon-Tyne.

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