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| David Cameron to give speech for Mitt Romney's Bain Capital David Cameron to give speech for Mitt Romney's Bain Capital | |
| (35 minutes later) | |
| David Cameron is to give a speech for the private equity firm Bain Capital in one of his first public engagements since his departure from No 10. | David Cameron is to give a speech for the private equity firm Bain Capital in one of his first public engagements since his departure from No 10. |
| It is understood the former prime minister will address a private event for the US company, which was co-founded by former Republican presidential candidate Mitt Romney and bought a blood plasma company from the NHS in 2012. | It is understood the former prime minister will address a private event for the US company, which was co-founded by former Republican presidential candidate Mitt Romney and bought a blood plasma company from the NHS in 2012. |
| Cameron stepped down as an MP, after taking a summer holiday, meaning any earnings from the speech will not have to be publicly disclosed. | Cameron stepped down as an MP, after taking a summer holiday, meaning any earnings from the speech will not have to be publicly disclosed. |
| He also does not have to seek approval for the one-off engagement from the Advisory Committee on Business Appointments, which only requires former ministers to get permission for regular jobs. | He also does not have to seek approval for the one-off engagement from the Advisory Committee on Business Appointments, which only requires former ministers to get permission for regular jobs. |
| Cameron has given little indication of his plans for life after Downing Street other than chairing a panel of patrons on the expanded National Citizen Service – a summer camp initiative he set up during his first months in office designed to instil social responsibility in young people as part of his “big society”. | Cameron has given little indication of his plans for life after Downing Street other than chairing a panel of patrons on the expanded National Citizen Service – a summer camp initiative he set up during his first months in office designed to instil social responsibility in young people as part of his “big society”. |
| In an article for the Daily Telegraph, he pledged to try to make the non-military national service “a rite of passage” for every British teenager. | In an article for the Daily Telegraph, he pledged to try to make the non-military national service “a rite of passage” for every British teenager. |
| But his Bain engagement could be a sign that he intends to earn money on the lucrative international speaking circuit. | But his Bain engagement could be a sign that he intends to earn money on the lucrative international speaking circuit. |
| George Osborne was last month given permission to sign up to a US company that already has Tony Blair and Gordon Brown on its books. | George Osborne was last month given permission to sign up to a US company that already has Tony Blair and Gordon Brown on its books. |
| The Advisory Committee on Business said the former chancellor intended make speeches on the current political environment after registering with the Washington Speakers Bureau. | The Advisory Committee on Business said the former chancellor intended make speeches on the current political environment after registering with the Washington Speakers Bureau. |
| Osborne said he expected his decision would result in one or two days’ speaking a month, and that he would personally ensure that each event involved no conflict of interest. | Osborne said he expected his decision would result in one or two days’ speaking a month, and that he would personally ensure that each event involved no conflict of interest. |
| Bain Capital declined to comment. | Bain Capital declined to comment. |