How Much Will Major Pocket From QinetiQ?

John Major has good reason to smile, the Tories are resurgent with an agreeable leader and his part-time job at the Carlyle Group is rewarding. So how much will he make from the forthcoming privatisation of Qinetic?

It will reap his firm (he is the chairman of Carlyle Europe) a £330 million return on an investment of £42 million.

Carlyle always rewards its people very well and this will reap him a seven-figure bung. Labour really doesn’t do these privatisations very well, it has excluded private investors from applying directly for shares. Not exactly popular capitalism, but an 800% return for foreign investors in three years. Is this the wealth redistribution Gordon Brown is always telling us about?

UPDATE: Tin-hat paranoia time, post goes up 10.48, within half an hour they come and stare at the blog for 8 minutes. They make death rays! You know what they did to David Kelly! Help!




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Boris Johnson was shown a trophy monkey head as he toured a room of illegally-poached animals seized by Scotland Yard. He said:

“What’s this poor chap here? Faint air of a … Labour backbencher.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Aaronovitch Talking S*it Aaronovitch Talking S*it
Live In Truth: Corbyn vs Havel Live In Truth: Corbyn vs Havel
Watson Now Opposes Airing Lurid Historic Claims Against MPs Watson Now Opposes Airing Lurid Historic Claims Against MPs
Green: I Wasn’t Inappropriate to Kate Maltby Green: I Wasn’t Inappropriate to Kate Maltby
Geoff Norcott Drives Corbynistas Crazy Geoff Norcott Drives Corbynistas Crazy
BuzzFeed Runners and Riders BuzzFeed Runners and Riders
BBC Still Ignoring Agent COB Story BBC Still Ignoring Agent COB Story
Moscow’s Man in Westminster Moscow’s Man in Westminster
Waterson New Guardian Media Editor Waterson New Guardian Media Editor
Tories Demand Agent COB Faces Foreign Affairs Select Committee Tories Demand Agent COB Faces Foreign Affairs Select Committee
Vaz Reported to National Crime Agency Over His Finances Vaz Reported to National Crime Agency Over His Finances
Bolton Sacked Bolton Sacked
Agent COB Was ‘Paid Informant’ Alleges Czech Spy Agent COB Was ‘Paid Informant’ Alleges Czech Spy
Sunday Show Highlights Sunday Show Highlights
No Facebook Engagement Drop Off Seen Here No Facebook Engagement Drop Off Seen Here
Adonis Tipped to Set Up Centrist Party and Be “British Macron” Adonis Tipped to Set Up Centrist Party and Be “British Macron”
Corbyn’s New Anti-Racism Campaign Star Sent N-Word, “Jew” and Hitler Tweets Corbyn’s New Anti-Racism Campaign Star Sent N-Word, “Jew” and Hitler Tweets
Corbynistas Openly Using McDonnell’s IRA Nickname Corbynistas Openly Using McDonnell’s IRA Nickname
Standard Deliveroo Love-In Standard Deliveroo Love-In
Gotcha! Commie Corbyn Gotcha! Commie Corbyn