Thursday, August 21, 2008

Millionaires charter

It seems there is a rule for the tories, be a millionaire, or don't be in the Cabinet.

Herein vie the Spectator, is the Shadow Cabinet Rich List.Just two of them:
George Osborne

Shadow Chancellor

Inherited Wealth & Property: £4.3 million

Osborne’s father Sir Peter co-founded luxury wallpaper and fabrics company Osborne & Little, and his son benefits from a trust which has a 15% of the business.Osborne Junior stands to inherit a substantial share of this company. The business, which was once a publicly traded company, now conducts business as Interiors Acquistions. In 2003, Osborne and Little de-listed from the London stock Exchange and went private. At the time, it was valued at £12.9 million making Osborne Jnr’s stake worth just under £2 million. A family home in Notting Hill adds around £1.8 million. In addition the couple own a constituency property valued at around £500,000. On his wife Frances’s side, her father is life peer Howell of Guildford, a former Minister in Margaret Thatcher’s cabinet.

David Cameron

Leader of Conservatives

Property and assets: £3.2 million

Cameron joined parliament in 2001. Prior to becoming an MP he was head of corporate affairs at Carlton Television. His only non-parliamentary post was with bar and club company Urbium plc for which he was paid around £25,000 per annum. The couple’s wealth is, however, in property and they own a £2.5 million London home and a £1 million constituency house. His wife earns an income for the family via her position as creative director of upmarket Bond Street stationers Smythson. She netted a six figure bonus, thought to be £300,000, after a takeover of the company. However, the Camerons real wealth is likely to be come at a later date via inheritance from both sides of their family. Samantha’s mother is Viscountess Astor. She is a successful business woman in her own right and holds a large stake in OKA Direct, a furniture and accessories company. Samantha’s father, Sir Robert Sheffield – from whom her mother was divorced in 1975 – is chairman and majority shareholder of Normanby Estate Holdings which is worth £5.2 million. David’s father and grandfather were both stockbrokers which should eventually contribute to the couple’s wealth.
These, apparently, are the people who believe in social justice, in helping the poor - I mean, it's not likely that they would run the country in favour of multimillionaires, or anything. I mean, how could they. It's inconceivable.

The honest party of capital - it's a class war and we know whose side their on.

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Anonymous a very public sociologist said...

I'm surprised actually as I'd expected them both to be even wealthier than that. Still, it's money the likes of you and me are never likely to see.

9:19 PM  

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