UK Lord costs £14k+ pcm
(CNS): Lord Blencathra and his consultancy company are costing the public purse more than CI$19,500 per month to represent the Cayman Islands. Records released following an FOI request show government has contracted both the Tory peer and his firm, Two Lions, to promote Cayman’s interests in the corridors of power in London and Brussels. Although appointed as director of the London office, he is not on a salary but is invoicing the Cayman government on a monthly basis at a rate of £12,000 per month, plus 20% VAT. The contract also reveals that Lord Blencathra’s focus is different from the historic requirements of the job in that he is assisting the CIG with its public finance difficulties with the FCO.
According to the contract, which was released with other records in response to a freedom of information request made by CNS, the Conservative peer’s role includes helping with the FCO and the Cayman government’s financial management issues. As a result, redacted correspondence between Blencathra and Cayman civil servants implies that his appointment was timed to ensure that he could attend the London meeting the premier had with OT minister, Henry Bellingham, last November, during which McKeeva Bush signed the Financial Framework Agreement.
Another of Blencathra’s functions is to present the “premier of the Cayman Islands and CIG ministers to the British government in the best possible light” and to help develop the relationship between the UK and Cayman.
Primarily the peer is focusing on promoting the Cayman Islands’ interests, in particular where the financial services industry is concerned, in the UK and Europe and to improve its overall image and reputation.
The contract shows that government felt in the “changing global financial circumstances” that the London office needed to expand its traditional goals to include strengthening the relationship between the Cayman government and the FCO, as well as other UK and European organisations, and actively promote Cayman in the business communities there. The contract also points to the need for someone to help identify opportunities for development and inward investment to diversify the Cayman economy and expand the islands’ revenue base.
The contract states that Lord Blencathra and his firm, Two Lions Consultancy, had been identified as having the experience and skills to undertake the proposed expansion of the London Office, working alongside the deputy director, Charles Parchment, who would continue to take on the more traditional duties of the London office.
According to the Department of Commerce and Investment, the London Office has three staff members, and its budget for 2011/12 totalled CI$817, 763.
See redacted correspondence of the negotiations between Lord Blencathra and CIG, his CV and contract.
|Two Lions Consultancy Agreement (signed) (2).pdf||250.55 KB|
|FOI 48091 Records.pdf||728.85 KB|
- George Town Landfill to close early
- Grand Court Juror Report Date Changed
- Government Schools Begin Registration
- Church Street Closed to All Vehicular Traffic
- On Sales : Samsung Galaxy SIV / Apple iPhone 5 64GB
- Sales On: Apple iPhone 5 32GB, Samsung I9300 Galaxy S III / Galaxy S4 Buy 2 get 1 free
- Affordable South Side Home for Sale
- house for rent
- car for sale
- Samsung Galaxy S4 19500 16GB Unlocked
The comments posted do not necessarily reflect the views of CNS or any individual staff member. All comments are posted subject to approval by CNS. Read more
- After voting they will
3 hours 30 min ago
- Yes, but then the PPM scare
3 hours 46 min ago
- Don't allow yourselves to be
3 hours 51 min ago
- Like to generalize much?
3 hours 52 min ago
- It is the evening of the
4 hours 36 min ago
- Kent I agree with your
4 hours 46 min ago
- Good luck Cayman - we'll be
4 hours 48 min ago
- And now for the most
5 hours 11 min ago
- So if this true then why is
5 hours 12 min ago
- What is done in the dark
5 hours 12 min ago