Friday, 14 October 2016

David Cameron's speaking gig with Bain Capital

Back in 2013 David Cameron's Tory party oversaw the sale of our NHS blood plasma supply unit to a vampire capitalist group called Bain Capital (which was founded by the 2012 Republican Presidential candidate Mitt Romney).

Fast-forward three years and Bain Capital have already handed David Cameron a lucrative speaking gig at one of their events just weeks after he quit politics after his Brexit gamble went so spectacularly wrong. Thanks to the extraordinarily lax rules covering financial rewards to former politicians it's not clear how much Cameron is going to be paid for his speaking gig, but given that that the former foreign secretary William Hague is expecting to make some £4 million per year on the speaking circuit at £50,000 - £100,000 per appearance, Cameron's speaking fees are unlikely to be less than six figures.

It's no wonder Cameron was so keen to abandon politics when there are such rich pickings to be had from the companies his government handed favours to during his time as Prime Minister.

Some other potential speaking gigs for David Cameron include:

Wonga: The revolving door between David Cameron's government and this appalling legal loan shark company has been well documented. Cameron's sack-at-will legislation (drawn up by the Wonga investor Adrian Beecroft) must have been a real boon to the company as desperate sacked workers turned to them for their rip-off 5,000%+ APR loans. Surely Beecroft and his boys at Wonga could return the favour by handing Cameron a few lucrative public speaking gigs?
Circle Health: This private operator of various NHS facilities across England was one of the major beneficiaries of Cameron's 2012 NHS privatisation by stealth bill. Circle (owned by numerous major Tory party donors) was responsible for the absolute debacle at Hinchingbrook hospital, yet they're still running other NHS facilities across the country. The least they could do for Cameron is stuff him a few hundred grand for all of the NHS services they've snapped up under his watch.
Landsdowne Partners: This hedge fund made a £36 million profit when Cameron's government sold off the Royal Mail at way below its true market value. Given their enormous profits surely they can shove a bit Cameron's way?
G4S and Serco: In 2013 these global outsourcing were caught defrauding the taxpayer out of £180 million by submitting false invoices for the electronic tagging of non-existent prisoners. Cameron's government promised to punish them by temporarily banning both companies from bidding for contracts, but secretly handed them £350 million worth of contracts when they were supposedly banned. Even worse than that, the Tories carried on paying these companies for electronic tagging services way into 2015, two years after they were caught defrauding the taxpayer. Surely these companies can find a few hundred grand apiece to stuff into Cameron's back pocket?
Caudrilla: The fortunes of Cuadrilla and other fracking companies received a massive boost when Cameron's government decided to halve the rate of corporation tax for fracking companies. The fracking boom and bust in the US is proof that fracking is only financially viable if energy prices remain high, so the champagne corks must have been popping at Cuadrilla headquarters when Cameron and Osborne signed the UK taxpayer up to an absolutely ludicrous deal with the French and Chinese states to pay them double the market rate for electricity from Hinkley Point C for an astonishing 35 year period. No doubt Cuadrilla and other fracking companies will feel a moral obligation to repay Cameron for the vast tax cut he handed them and his decision to ensure their financial viability by signing the UK taxpayer up to pay massively inflated energy prices for generations to come?
Virgin Group: Richard Branson's Virgin Group have been major beneficiaries of numerous Tory privatisation schemes. From heavily subsidised rail contracts to huge slices of NHS infrastructure Branson's business did extremely well at raking in taxpayers' cash during David Cameron's time in office. The least "beardie" could do is repay Cameron with a few six figure public speaking gigs?
Times have moved on since former Prime Ministers quietly stepped out of the limelight having achieved the pinnacle of public life. These days becoming Prime Minister or an important government minister is just a stepping stone in the process of becoming filthy rich.

After serving as Prime Minister John Major cashed in by hooking up with corporations like the Carlyle Group arms company, but Tony Blair really blazed the trail for David Cameron with his corporate consultancies with the likes of JP Morgan, his lucrative speaking gigs and his work as adviser to all kinds of brutal dictatorial regimes.

After shafting the British public with his failed Brexit gamble Cameron literally couldn't wait to get stuck into what was clearly always the endgame; making himself filthy rich gorging on corporate speaking fees and lucrative consultancy positions.

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