Is this man’s judgement worth £3,000 an hour?


david davis jcbWe clearly live in a very unequal society, with top end footballers paid £120,000 or more a week and CEOs earning £6.24m or more a year. Even when a person is paid £3,000 an hour for merely 20 hours each year that still raises lots of questions. It is 80% of what MPs are paid, most of which are expected to work on a full time basis and 4 times the payment made to people on minimum wages based on full time jobs. However JCB is well capable of paying consultants much higher sums than that if it needs to. It is pure speculation to try to imagine what role they expect from David Davis for his 20 hours, particularly as they just gave Boris Johnson £10,000 three days before he made a 25 minute speech on 18th January in front of a JCB factory when he addressed broadcasters and journalists and made several references to JCB. By paying these men such large sums does raise the question regarding what value the business will get (and to what extent are they abusing their role as MPs). If Boris gave them the equivalent of a TV advert or two of his Telegraph columns, what will David offer them? In case they want his advice on strategic issues, there was a bit of a problem that arose on Friday when it was announced that the European Medicines Agency was closing its doors in the UK and transferring to Europe, taking with it around 900 employees or at least their jobs and there will be many other implications from this decision as outlined in this Evening Standard article. Whilst most people were expecting this to happen as this FT news report explained, back in April 2017 David Davis claimed that the EMA would not need to move from London’s Canary Wharf, even though the EU was about to run a competition to relocate it! However JCB are not the only organisation that has recruited David to work for them, a German manufacturing company called Mansfelder Kupfer Und Messing have invited him to join their board for six months for which he has earned £36,085 so perhaps what he says in private is deemed to be a great deal more credible than what he says in public!

About ianchisnall

I am passionate about the need for public policies to be made accessible to everyone, especially those who want to improve the wellbeing of their communities. I am particularly interested in issues related to crime and policing as well as health services and strategic planning.
This entry was posted in Economics, EU Referendum, Journalism, Parliament and Democracy and tagged , , . Bookmark the permalink.

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