Bank pays Oliver Letwin £60,000 a year
In the money: Oliver Letwin
12 April 2012
Tory policy chief Oliver Letwin is paid £60,000 a year for an eight-hour week by an investment bank, it was revealed today.
The disclosure of his £145-an-hour part-time earnings from NM Rothschild fuelled the controversy over MPs' second jobs.
Mr Letwin is overseeing the Conservative election manifesto and wields immense influence over the party's economic and industrial policy.
Other MPs with lucrative outside jobs include former industry minister Ian McCartney, reportedly earning £113,000 a year from an American nuclear energy operator.
Like Mr Letwin, Mr McCartney was said to be giving up the second job before new rules next month that will force all MPs to disclose how much they earn outside Parliament and how many hours they put in.
