David Cameron was paid more than $1-million a year to lobby for the finance company Greensill Capital.
The Financial Times reports the former prime minister received a salary of £720,000 for his part-time advisory role at the firm run by the Australian financier, Lex Greensill. That figure made him one of the company’s highest earners with the head of its American division earning less than half Mr Cameron’s wage packet.
Before it collapsed into administration the company found itself at the centre of Westminster’s biggest sleaze scandal in a generation, after Mr Cameron’s efforts to lobby on behalf of Greensill by sending dozens of texts to Chancellor Rishi Sunak and other senior government figures were revealed.
The former prime minister tried to get the company access to government-backed emergency coronavirus loans. Mr Cameron was contracted to work 25 days a year as an adviser to the company’s board, meaning that he would have earned £28,800 a day.
When Mr Cameron gave evidence to MPs about the Greensill scandal in May, he said that he had been paid far more than he earned as prime minister, but refused to disclose the figure. His annual salary at No.10 was £150,000.
He told the Treasury select committee that he lobbied on behalf of Greensill Capital because he believed that it “had a really good idea for how to help extend credit to thousands of businesses”.
A request for a comment from Mr Cameron’s spokesman went unanswered.