Kwasi Kwarteng

2022 - 10 - 21

Post cover
Image courtesy of "Full Fact"

Private Eye did not say Kwasi Kwarteng was paid £20000 a month ... (Full Fact)

Claims circulating on social media don't reflect what was reported by the magazine, or what's recorded in the Register of Members' Financial Interests.

February to August 2011 only.” No further payments from Odey Asset Management to Mr Kwarteng appear [in the register](https://www.theyworkforyou.com/regmem/?p=24770) after that. The Private Eye story actually claimed that after becoming an MP in 2010, Mr Kwarteng “kept up his financial interests with a £20,000 side number for providing ’political advice’ to Odey Asset Management”, though we’ve not seen evidence to support this figure and it doesn’t appear to match the official record of Mr Kwarteng’s interests. [March 2011](https://publications.parliament.uk/pa/cm/cmregmem/110314/kwarteng_kwasi.htm) that he would be paid “£10,000 on a half-yearly basis” for work as “Consultant to Odey Asset Management”, which would involve “giving political advice to asset managers in relation to international and domestic affairs”. [September 2011](https://publications.parliament.uk/pa/cm/cmregmem/110928/kwarteng_kwasi.htm) to say “Remuneration: £10,000. [post on Twitter](https://twitter.com/szczuk6/status/1579607791311867904), and [several](https://www.facebook.com/simon.ellis.501/posts/pfbid02Xz5k2ZhDWMpGeCR5kLX8jsQnHDpztpH571Lyn2xLcxhgUD1eKxBXxVXDygq6EU9vl) [posts on](https://www.facebook.com/john.sanders.1884787/posts/pfbid02sLDUujxQfZhY6gKGAArTAZL3Rckj6A1yvNAUa448eG1KB8ZjA5mCVgypTzLkjLNzl) [Facebook](https://www.facebook.com/carolyne.kershaw/posts/pfbid02K2AqyxhoqpZa9HM4N9tpK6qYbsYqR4PoEBsy3nE1e3hC8gVHzsX6Ub8VjV8YTPHJl), have claimed that Private Eye magazine reported that the former chancellor, Kwasi Kwarteng, is being paid £20,000 a month to work as an adviser for a hedge fund. [Private Eye reported](https://twitter.com/PrivateEyeNews/status/1580149109570535424?s=20&t=rGIFAViJGYx6cnJtLR2Zdg) that Mr Kwarteng was paid to work for a hedge fund shortly after he was elected to Parliament in 2010—but did not say that he has continued to work for it since then, or that he was being paid £20,000 a month.

Explore the last week