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Issue No. 1795

Man from Pru gets £18 million

THE CHIEF executive of the Prudential insurance company has certainly made sure of his own future. Jonathan Bloomer could be in line for £18 million over the next three years. The pay deal is designed to give top managers 'the necessary incentive' to improve the company's performance.

Keeping it in the family

TORY LEADER Iain Duncan Smith has moved into a magnificent 17th century country mansion in Buckinghamshire. This is the man who recently spoke about his sympathy with people living in bad housing in Glasgow, and of how his party would stand up for the vulnerable.

The Old House in the village of Swanbourne is owned by Smith's father in law, Baron Cottesloe. He owns almost the entire village of Swanbourne, and farms across hundreds of acres.

Losing the way on privatisation

THE GOVERNMENT is preparing to make the Ordnance Survey (OS) maps agency into a company, a staging post to privatisation. If it were sold to the private sector it would fetch around £500 million.

One OS source says, 'There is no reason to turn the Ordnance Survey into a company except to make it easier to privatise when the time comes.'

Property spree for Tony's lord

LORD LEVY, one of Tony Blair's closest political aides, has been paid £100,000 by a property company seeking planning permission to develop shopping centres across Britain. The cash came from Westfield, one of the world's largest retail developers. It is trying to expand seven inner-city shopping areas.

Peter Allen, head of Westfield's British arm, says, 'I'm developing relationships with ministers. I have been to different Labour Party events at Downing Street.'

Levy has not revealed the payments in the register of Lords' interests. He does declare his ownership of Wireart, the company that received the money.

Blair's pals attack union

COUNCIL WORKERS in Newham, east London, have voted to strike against their Blairite employers. Over 2,500 members of the Unison union are set to strike a week on Tuesday, and again on 1 May.

The dispute is about the council's outrageous attempts to derecognise the union. That threat led to an 81 percent vote for action in a ballot. The New Labour leader of Newham council, Sir Robin Wales, is on the body that is refusing to grant an increase in London allowance payments for local government workers.

The head of Newham's local education authority, Graham Lane, also heads the employers' body for teachers in England. He has docked teachers nearly two days pay for joining the recent one-day London pay strike.

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Article information

Sat 13 Apr 2002, 00:00 BST
Issue No. 1795
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