George Osborne earns almost £100K for five hours of speeches in the US

Earnings: George Osborne earned almost £100K for five hours of speeches in the US
PA
Hatty Collier3 November 2016
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George Osborne earned almost £100,000 for three speeches involving less than five hours' work, it has been revealed.

The former chancellor’s two appearances at the Securities Industry and Financial Markets Association in Washington earned him £69,992 from a totalling one-and-a-half hours on September 27 and October 18, according to the parliamentary register of interests.

He was also due to be paid £28,454.40 for a speech on October 17 to the Hoover Institution at California's Stanford University.

Travel and accommodation expenses were also being covered by Mr Osborne's hosts.

The total £98,446.40 for four-and-a-half hours of work declared equates to a rate of £21,877 an hour.

Shortly after being sacked from the Government by Prime Minister Theresa May in July, Mr Osborne signed up with the Washington Speakers Bureau (WSB), which offers many big political names for after-dinner speeches.

Also on the books of the bureau - which promises to "connect you with the world's greatest minds" - are former prime ministers Tony Blair, Gordon Brown and Sir John Major, as well as ex-US president George W Bush.

Mr Osborne is described on the WSB website as "a principled leader who served as the chief financial minister in the British Government" who was responsible for a "dramatic improvement" in the UK economy.

As a "modern and renowned global leader", he offers audiences "authentic and forward-thinking analysis of the world's most complex economic issues, and the way forward for Britain and the world economy", it adds.

Additional reporting by Press Association.

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