Tories still cashing in
Posted by Jamie at 10 14 PM on Saturday, July 25
DAVID Cameron may have ordered his Shadow Cabinet to give up their lucrative second jobs — but his junior front benchers are still RAKING it in, the News of the World can reveal.
Top of the rich list is Conservative Whip Philip Dunne, worth an estimated £5 million and trousering salaries from his farms and a company directorship.
He also gets a £64,766 MP’s wage PLUS more than £200,000 a year from expenses and EU farm subsidies.
Dunne and other ministers escape Cameron’s ruling because they are not the most senior members of his future government.
The top MPs, like Shadow Foreign Secretary William Hague and Shadow Chancellor George Osbourne, have been told to quit all second jobs by the end of the year. This is so they avoid conflicts of interest and spend all their time on political duties.
Out of the 23 junior shadow ministers working elsewhere, ten are millionaires.
The richest is Dunne, MP for Ludlow, who is chairman of Baronsmead 4 investment firm. Between 2006/8 he claimed £250,663 in MPs’ expenses, and got £201,000 of EU subsidies for his family farm near Devizes, Wilts. Elsewhere, GREGORY BARKER — Shadow Minister for Energy and Climate Change — is worth an estimated £3.9 million partly thanks to Flare View, the property company he owns with wife Celeste. He is also paid as an advisor for Pegasus Capital Advisors.
Another whip, BROOKS NEWMARK, has wealth estimated at £3.2 million. He owns investment firm Telesis Management and has shares in two other investment firms — AAA Guernsey and AAA AIM, which he gets undisclosed payments from.
Third wealthiest is GEOFFREY CLIFTON-BROWN, Shadow Minister for Business, at £2.5 million. He earns a salary from farming and surveying, has agricultural holdings in Norfolk and buy-to-let properties in London.
RICHARD BENYON, the Shadow Minister for Environment, Food and Rural Affairs, is worth around £2.4 million thanks to residential and commercial property interests and development land.
Shadow Home Affairs Minister DAMIAN GREEN has an estimated £1.8 million and is a non-executive director of South East Water.
HENRY BELLINGHAM, Shadow Minister for Justice, is estimated at £1.7 million. He has a stake in his family’s Scottish estate, property interests in London and Norfolk, co- owns the firm Landsdowne Advisory and gets an income from Longborough Capital.
STEPHEN HAMMOND, Shadow Transport Minister, is estimated at £1.5 million, works part-time for a small PR firm and has shares in a foreign gas company.
CRISPIN BLUNT, Shadow Home Affairs Minister (£1.1 million) and is a director and shareholder in private firm Connaught Search Solutions.
JONATHAN DJANOGLY, Shadow Minister for Business (£1 million) is a solicitor at law firm SJ Berwin.
Of the remaining 13 junior ministers, 11 get extra income on top of their MP wage.
EDWARD VAIZEY, Shadow Culture Minister, (estimated to be worth £800,000), is an non-executive director for educational services company Edexceland writes a column for Public Affairs newsletter.
ROBERT GOODWILL, Shadow Transport Minister (£633,000), gets money from farming and the company Mowthorpe (UK).
DESMOND SWAYNE, Parliamentary Private Secretary to Cameron (£500,000), is a director of a Bulgarian property firm. DAVID JONES, Shadow Wales Minister, (£350,000), is a director of legal firm David Jones (Solicitors) in Llandudno.
NICK HURD, Shadow Cabinet Office (£320,000), is director of environmental consultancy company Sancroft International.
EDWARD GARNIER, Shadow Justice Minister (£300,000), has a barrister’s practice and works for legal firm Greenwoods.
SHAILESH VARA, Shadow Deputy Leader of the House (£200,000), is a director of a property firm but is closing it down.
GERALD HOWARTH, Shadow Defence Minister is a director of a Ukraine farming firm and works for the Consumer Credit Association. LAURENCE ROBERTSON, Shadow Northern Ireland Minister, is a consultant for Westminister Parliamentary Research.
KEITH SIMPSON, Shadow Foreign Affairs Minister, is a consultant to GS Defence. And BILL WIGGIN, Conservative Whip, is a parliamentary advisor to Green Lane Association, the British Motorcycle Federation and the Trial Riders Federation.
A Conservative Party spokesman said: “MPs are expected to judge for themselves what is right and abide by the House of Commons regulations on these matters.”