Cameron to head £750m UK-China trade drive
DAVID Cameron is cashing in with a new job in charge of a UK-China investment fund that he lobbied for.
He will be vice-chairman of the £750million fund designed to bolster links between the two countries, it has been confirmed.
The former PM met a senior official in Beijing in September to discuss the fund, which is being set up by senior Tory figures including his friend Lord Chadlington.
It is the latest position Mr Cameron has taken since leaving office 18 months ago. He works for US electronic payments firm First Data Corporation several days a month, and is writing his memoirs after signing an estimated £800,000 book deal.
Parliament’s Advisory Committee on Business Appointments waived its two-year ban on ministers lobbying the Government after leaving office to allow him to take the China fund position.
The role was announced by Chancellor Philip Hammond during a two-day trade visit to China. Mr Cameron’s spokesman said he remains ‘very proud of his work as prime minister launching the “Golden Era” between the UK and China with President Xi [Jinping].’
The ex-PM’s salary has not yet been decided.
‘Very proud of his work’