Sailor Boys

Bullingdon Boys - Our "Betters"

The Bullingdon Club of 1992: pictured are (1) George Osborne, (2) Harry Mount, (3) Chris Coleridge, (4) Lupus von Maltzahn, (5) Mark Petre (6) Peter Holmes a Court, (7) Nat Rothschild, (8) Jason Gissing

Principal characters

Lord Rothschild and son, David Cameron, John Osborne, Baron Mandelson, Gordon Brown, Russian oligarchs, Mafia and gangsters inc.

Friday 24 October 2008

Mandelson to get £1m pay-out from EU

'Golden goodbye' package after just four years for new Business Secretary as questions hang over relationship with Russian oligarch

By Brian Brady, Whitehall Editor
Sunday, 12 October 2008 …Independent

Peter Mandelson will pick up a £1m "golden goodbye" package following his departure from Brussels, despite walking out after serving only four years as Britain's European Commissioner.
The new Business Secretary will receive a £104,000 salary as a minister in the House of Lords, and qualifies for a total of £234,000 in "transitional payments" over the next three years to help him readjust to life outside the European Commission.
But he is also guaranteed an EU pension when he reaches 65 – in 2018 – starting at £31,000 a year and rising in line with the cost of living. The overall cost of funding such a pension is put at £750,000.

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