Theresa May rakes in over £1 MILLION from public speaking fees – ‘Why are they paying it?’

Theresa May rakes in over £1 MILLION from public speaking fees – ‘Why are they paying it?’

The register reveals the former prime minister was the MP who has earned the most from a second job in 2020. The document shows payments are made to her own company, called the Office of Theresa May, from which she takes home £85,000-a-year for a minimum of 24 hours work per month – which works out at just under £300-per-hour. According to Mrs May’s declaration, the remainder of the cash is used to pay staff, maintain her ongoing involvement in public life and support her charitable work.

Following the earnings this year, the entry in the register says: “From 1 September 2020 until further notice the Office of Theresa May Ltd pays me £85,000 a year for speaking engagements, with an expected commitment of 24 hours a month.”

According to the document which outlines Mrs May’s employment and earnings, the largest payment she received was for £160,370 from US investment bank JP Morgan Chase for two speaking events which did not even take place because of the coronavirus pandemic. Organisers say the events will be rescheduled.

The Maidenhead MP was also paid £136,000 in September for speaking at the World Knowledge Forum in South Korea.

In February, she received two payments of £115,000 for making speeches at Dubai Women’s Establishment event and a Structured Finance Association event in Washington.

And in early March, she was paid £115,000 for speaking at Brown University in Rhode Island and another £115,000 for delivering a keynote speech at Trinity University in Texas.

Other payments include £101,169 from World 50 in Atlanta, £96,000 from PricewaterhouseCoopers and £46,750 from the Telmex Foundation in Mexico.

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Her speaking events are organised by the Washington Speakers Bureau from which she received a £190,000 signing bonus when she joined the agency’s books last December.

Mrs May, like all other MPs, earns a basic salary of £79,468 a year.

The size of her income from public speaking engagements was met with astonishment by some social media users.

One tweeted: “The worst speech giver in UK political history? Why are people paying for it?

“What are her speeches about? ‘How I pandered to Donald Trump’, or ‘How I pandered to the hard right with my Brexit policies’ or ‘How not to give a political speech’.”

And another tweeted: “Mostly I have no problem with them being paid for the speeches or second job.

“But the pay looks out of scale with the work. MPs are receiving the equivalent of four years pay on the national average annual salary for five hours work.”

Published at Thu, 22 Oct 2020 16:29:00 +0000