‘Performing seal’ Cameron gets £100k for bank speech

Having donated £ 250,000 to the Remain campaign last year fighting Brexit, american bank Morgan Stanley is still content to throw money at David Cameron.

The former Prime Minister gave a talk two weeks ago to Morgan Stanley investment Management and was paid around £100,000 for his efforts, which is almost as much as the £143,462 he earned in a whole year as PM.

He was ‘putting on a show for Morgan Stanley’s clients like a performing seal’, says my source.

The pro-EU bankers at Morgan Stanley were cheerleaders for Project Fear and have always been downbeat about Brexit.

Last year the bank’s boss, James gorman, said: ‘We believe that leaving the union could be damaging to the UK economy and the City.’

The fee will renew criticism that Cameron, 50, is following in Tony Blair’s footsteps by pursuing lucrative roles after being in office.

Before Christmas, Mr Cameron was paid tens of thousands of pounds for attending a private breakfast organised by the gerson Lehrman group, advising hedge fund managers on the consequences of Brexit.

While Tony Blair has gone on to make an estimated fortune of £27 million Cameron, who quit the House of Commons when he was four years younger than Blair, could give him a run for his money.

Besides working on his memoirs, for which he has been paid around £800,000, he has two unpaid roles at charities: as president of alzheimer’s Research UK and chairing the national Citizen Service.

He has indicated that he plans to spend two or three days a month giving paid speeches.

as he is no longer an MP he does not have to declare his earnings.

and while he is not permitted to draw on ‘privileged information’ he acquired in office during his commercial activities, critics say this is impossible to police at events taking place behind closed doors.

Cameron and Morgan Stanley declined to comment.