Strategy

SJP To Pay Former Chancellor George Osborne Almost $50,000 For Conference Speech

Josh O'Neill Assistant Editor 13 February 2017

SJP To Pay Former Chancellor George Osborne Almost $50,000 For Conference Speech

Since leaving 11 Downing Street, George Osborne has earned hundreds of thousands of pounds from giving speeches at various events.

St James's Place will pay former UK chancellor of the exchequer George Osborne more than £40,000 ($49,896) for giving a speech at the wealth manager's annual conference last month.

Osborne expects to receive £40,567 from SJP for his three hours' work on the conference speech, the MPs register of interest shows.

The conference was held at London's O2 arena on 27 January and was hosted by TV presenter Clare Balding.

“He is the former chancellor of the exchequer so his views on the UK economy, Brexit and financial markets were particularly relevant to the SJP community,” a spokesperson from SJP said.

SJP's payment adds to the list of lucrative speeches Osborne has landed since departing 11 Downing Street.

These include: £34,100 from BlackRock; £142,000 from JP Morgan; and £51,000 from Aberdeen Asset Management. 

Last month, it was reported that the former Chancellor will join asset management giant BlackRock as a senior advisor.

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