David Miliband earns more than my GP
From The Daily Mail
Former Foreign Secretary David Miliband should be able to buy brother Ed an especially nice wedding present next month — he has just pocketed £25,300 for two speeches.
According to the latest Register of Members’ Interests David, 45, (the one who doesn’t speak like he has a mouthful of marbles) got £15,300 talking to accountancy giants KPMG, plus another £12,000 for a lecture to an obscure think-tank in Paris.
Now a lowly backbencher, David has declared a total of £131,800 since losing out to Ed last September, including £25,000 for a talk in Abu Dhabi.
Then this from The Independent
Once a cabinet minister under Gordon Brown, Miliband recently set up a company called The Office of David Miliband, a report in the Daily Mail has revealed. By paying all his commercial earnings into the company, Miliband will pay 20 per cent corporation tax, rather than the 40 per cent he would pay as an individual taxpayer.
The company was registered as a private limited company in December 2010, and has not yet filed any accounts.
At age 41, David became the youngest person in 30 years to hold the position of Foreign Secretary. He was also the Secretary of State for the Environment from 2006 to 2007. He has taken a back seat in politics since losing a contest for the Labour leadership to his brother Ed in September 2010, announcing following the loss that he would not stand for the Shadow Cabinet to avoid “constant comparison” with him.
He is thought to earn thousands of pounds from speaking engagements around the world, and is represented by the London Speaker Bureau, a company that provides high-profile speakers for conferences and events.
Mr Miliband’s other earnings come from his role as vice-chairman of the Premier League football club Sunderland, which pays £75,000 a year. In addition to other earnings, Mr Miliband receives £65,738 for his role as Member of Parliament for South Shields.
Well, if their figures are anywhere near the mark, I make that around £272538 in the last seven months, and he won’t fall into that group of people who will start to pay 40% Income Tax today! I have no problem with that, none at all, I don’t mind him becoming rich, it was sort of expected wasn’t it? Some might think it’s a bit perverse to be earning more money as an international talker than my GP does for being a local lifesaver, but hey, there are plenty of them at it, it is just as perverse to witness how much money we pay our football players yeah?
What I do have a problem with is the rank bare faced cheek in claiming to stand up for and represent the “hard working” families of South Shields when he is only a very part time resident here, I will have a problem if I hear him preaching about “cuts” going too deep too fast (when he isn’t suffering at the sharp end), I will have a problem if he starts attacking other politicians over the treatment of benefits claimants when he has done everything possible to protect his own benefits from the Inland Revenue, and I will have a problem if he joins some of those other Labour MPs who call for greater measures against tax avoidance schemes instead of reducing public expenditure!
So Mr. Miliband, if you wish to champion the cause of the comfortable, but squeezed, middle classes that’s OK with me, it won’t be with them though, most will be paying Income Tax at 40% or above!