Tuesday, June 12, 2012

A CABINET OF MILLIONAIRES

Politicians love to strike the pose of "we're all in this together" and stress how much they have in common with the ordinary man in the street but the combined wealth of the Cabinet is estimated at nearly £70 million, with 18 out of 29 ministers worth more than a million, according to a new analysis. "Wealth-X, a consultancy specialising in analysing the financial affairs of US politicians estimated David Cameron's net worth at £3.8 million. The most wealthy cabinet minister is Lord Strathclyde, the Leader of the House of Lords, who is estimated to be worth £9.6 from his stake in his family's estate management company, Auchendrane Estates. Also in the top five are Defence Secretary Philip Hammond at £8.2 million, and Foreign Secretary William Hague and Culture Secretary Jeremy Hunt at £4.8 million each." (Daily Telegraph, 28 May) So much for the man in the street pose. RD

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