Blair strikes it rich with £500k bank adviser job

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Mr Blair, who quit as prime minister in July, will become a part-time adviser to JPMorgan on a salary rumoured to be at least £500,000 a year. He also revealed he expected to take a "small handful" of similar jobs with other companies in the near future.

His bonanza contrasts with the experience of thousands of British soldiers who served in Iraq and Afghanistan. Many faced poverty on their return because injury compensation payouts took up to three years.

Conservative defence spokesman Gerald Howarth said: "I think it will be viewed with some contempt by the armed forces that he picks up this large cheque when he was happy to send troops into battle illequipped and in insufficient numbers."

Mr Blair will give political and strategic advice to JPMorgan and take part in client events. He said: "I have always been interested in commerce and the impact of globalisation. The intersection between politics and the economy in different parts of the world is very strong."

JPMorgan chief executive Jamie Dimon said Mr Blair would be " enormously valuable", adding: "There are only a handful of people who have the knowledge and relationships he has."

Mr Blair is already set for multimillionaire status after a £5m deal for his memoirs. He goes on speaking tours and was paid $500,000 (£255,500) for a speech in China, while a four-date tour in the US netted £300,000.

He and wife Cherie are known to have big overheads, including £5m in mortgages.

Iraq veteran Colonel Tim Collins waited six months for £114-a-month payments for neck and ankle injuries. He said: "Even the largest payments to service personnel are barely a living wage."