With Ed Miliband planning a crackdown on the big money second jobs undertaken by many MPs, there’s no time to waste for members wishing to top up their meagre £66,396 salary. So it’s lucky for David Blunkett that he had already joined the advisory board of a City wealth management firm earlier in the week.
Oracle Capital provide financial services to “high net worth individuals and their families”, including wealth structuring, asset protection and investment advice — through tax havens in Switzerland and the Bahamas, naturally. Blunkett said:
“I am very pleased indeed to be joining the Advisory Board for Oracle Capital Group … I am looking forward to offering insights from a lifetime of engagement in both the public arena and private and social entrepreneurship, as well as taking a futuristic look at the world of tomorrow.”
Scrapbook’s futuristic look at the world of tomorrow suggests former ministers will need to leave parliament before cashing in.