Former Prime Minister David Cameron has a new role administering $1bn of investment funds in China. As a result, he is visiting the country on official business. And despite his failings as a PM, Cameron still commands enormous appearance fees.
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A record of failure
David Cameron will be forever remembered as the prime minister who implemented six years of ruinous austerity policies. He claimed to be “balancing the books” and told voters that we were ‘all in this together’. Yet it has since been shown that the austerity programme was not about economics. Instead, it was unnecessary and ideological. UK economists even described it as a form of “class warfare”.
The net result was that, by the end of his administration, Cameron’s Britain was one of the most unequal countries in the developed world. While workers suffered from rising costs of living and falling wages, public services were decimated. But the national debt still rose by a staggering £0.61tn during his time in office. In other words, no books were balanced.
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Cameron’s economic incompetence is not the only blemish on his record. He was so eager to appease factions in his own party that he took a punt on a major constitutional issue. It blew up in his face, turned one side of his party against the other, and ended his career. His record of failure is such that analysts rank him as one of the worst prime ministers of recent history.
The price of Cameron’s term in office has been high for the people of Britain. But for him, it continues to be a goldmine.
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