Wednesday, October 15, 2008

Mandy Watch No.2

At the risk of causing Mrs. H. to become apoplectic I give you this.

Lord Mandelson's removal from his top post in Brussels will be sweetened by a "transitionary payment" of £78,000 a year for the next three years to ensure his income in his new job is the same as his £182,500 salary as the EU trade commissioner.

Are we mad? The man who came over as all humble about being persuaded to return to save the economy is to be paid more than any other government minister; the PM included. What happens when Labour loose the next election? Will he go on receiving his salary and the bonus payment? On the one hand they are telling us that they have city fat cats on the ropes and on the other they do this. Mark my words, no good will come of this.


Scotster said...

It does seem pretty hypocritical to complain about fat cats and big profits to then chuck this kind of money around at a Government minister. That said, if he can pull public opinion back around to voting Labour then I guess they'll consider it to have been worth it.

Richard Havers said...

Scotster, that's the old $64,000 question, or in his case the £78,000 x the current rate of exchange question.

Selena Dreamy said...

While Brown’s sacrifice has been to a clutch of squabbling labour MPs whose singular area of agreement was deep collective dislike of him, there’s scarcely a section of public opinion that does not loathe Peter Mandelson...SEE: