It’s only a loan if you pay it back…
Has he?
I’d be interested to see the repayment schedule…
“Of course Boris me old mucker, here’s 800 grand, call it a pound a month till its paid off, cancel it when you peg it. Sound OK to you?”
Johnson has always complained about his pay, his progeny and his conquests must cost a pretty penny and I seem to remember one complaining that he refused to pay for a private abortion because he thought it cost too much.
What kind of man knows the going rate for an abortion?
He earned much more as a bad journalist than he did as PM due to the old boys network but if his finances are as catastrophic as his political and private life, is it any wonder he is on the bones of his arse particularly as his latest bo appears to have **Very** expensive tastes.
I know if a chief constable of the police or member of the security services needed such a substantial loan, and had to go through private channels instead of a bank, there would be some serious questions asked and likely would be considered unfit for the job due their finances being so seemingly open to bribery and blackmail, but these standards don’t exist for PM. Presumably because no one ever envisioned someone like Boris becoming PM
This is the same person that once called his 250K salary from a second job chicken feed.
Contrary to popular belief, Boris Johnson is not from that wealthy a background. He puts on a good act but he is not on the level of his school and university peers.
Let’s not forget that cost of living and private school was wayyyy cheaper back in the day, adjusted for inflation, than it is today. He has had jobs earning several hundred thousand here and there but this income is nothing compared to the vast family wealth and connections of his school and university peers such as Osborn and Cameron.
Boris also makes a point to only marry wealthy and well connected women who I suspect heavily subsidise his lifestyle. His 1st wife was a media heiress, his 2nd wife was the daughter of a well known and successful individual at the BBC and his current wife is another media heiress.
Boris’ actual income has never matched his aspirations. In today’s high cost of living and with 10 children all to be educated privately, he would be very short of cash indeed. 1 year boarding school is 40k – 50k today. Back in the 90s, adjusted for inflation, it was only 10k per year. 10 kids in school for 7 years each, he needs to find 2.8 million overall just to educate his kids at secondary level. This doesn’t even include his personal iving costs, university costs, etc etc.
Well he needs to fund his cocaine habbit somehow.. give the man a break!
He’s a serial adulterer with at least 6 children.
Aside from the fact that child maintenance payments are expensive, the hush money needed to pay former lovers / mothers of the children we dont know about is a lot too
You don’t get super injunctions to stop the press talking about your relationship with a young Russian violinist if there’s nothing to keep hidden
[deleted]
Ignoring why he would need this for a moment and shifting the question to, why would someone be reaching out to another person to ask if he could be put forward to be the guarantor for this sort of money?
Extending some questions from that, how has the outsider come to know that he requires this level of funding? Who else knew he needed this level of funding?
If it was widely known at this level of wealth that the PM of the UK required this level of funding, what terms or repayment were passed around with the knowledge of requiring funding? You don’t lend money for nothing.
The person who offered to be his guarantor of this credit facility was in the millionaire bracket, suggestions of around 40million net worth, 800k is a significant amount of money around 2% of his net worth. Now 2% does not sound like much but would reach out to someone to lend 2% of your net worth to a stranger, OK distant relative, for nothing in return?
This is the only credit facility we know about what other ones have existed?
If it’s known widely enough that he requires money for people to reach out to 3rd parties to provide this what other lines of credit has he acquired, and what did he provide in return?
This is looking like the tip of the iceberg.
He may not. It’s just the mindset, never enough. People might look at the huge gap in wealth inequality and think there is going to be some point when the wealthy say ok we are well provided for, have more than we can possibly spend in one lifetime. Let’s stop pushing for lower taxes, deregulation, low wages for workers and less government spending on services and benefits.
No. They never will.
Not saying this is the case, but historically this is how the rich were remunerated in a way that avoids tax.
You generally don’t pay income tax on a loan.
The question is whether the loan has to ever be paid back.
Something for HMRC to look into.
UK PM is not well paid compared to other top jobs in public service, example CEO’s of housing association quangos and CEO of bankrupt Thurrock council – for example. However the potential for earning after office is very high via lectures/books etc. Therefore it is unsurprising that he may have sought to increase his lifestyle whilst in office, perhaps.
I realise people hate him and wanted him to be on £20K a year, but they seem to forget the multitude of executives performing pitifully in other public sector roles, on silly salaries.
Here we go with the bitter attacks against Boris.
Keep going Boris hunny. They jealous
To pay for an undisclosed number of children’s maintenance and probably some money from divorce settlements.
Its not the fact that he needs a loan. Its the fact that his finances are so bad he can’t get the loan without a personal guarantor. That doesn’t happen to people who have well managed finances. That happens to people who are spaffing money up the wall. His PM’s salary would have met the threshold for repayment in a normal setting so why can’t he meet that threshold personally?
Its not surprising really, that he didn’t think Zahawi (the thief of baghdad), being chancellor even though he was being investigated for tax evasion at the time was a big deal
Just needs to budget properly, as they are fond of telling the plebs.
19 comments
At a guess I’d say child support or divorce settlements.
To pay lebedev
https://www.opendemocracy.net/en/opendemocracyuk/revealed-boris-russian-oligarch-and-page-3-model/
It’s only a loan if you pay it back…
Has he?
I’d be interested to see the repayment schedule…
“Of course Boris me old mucker, here’s 800 grand, call it a pound a month till its paid off, cancel it when you peg it. Sound OK to you?”
Johnson has always complained about his pay, his progeny and his conquests must cost a pretty penny and I seem to remember one complaining that he refused to pay for a private abortion because he thought it cost too much.
What kind of man knows the going rate for an abortion?
He earned much more as a bad journalist than he did as PM due to the old boys network but if his finances are as catastrophic as his political and private life, is it any wonder he is on the bones of his arse particularly as his latest bo appears to have **Very** expensive tastes.
I know if a chief constable of the police or member of the security services needed such a substantial loan, and had to go through private channels instead of a bank, there would be some serious questions asked and likely would be considered unfit for the job due their finances being so seemingly open to bribery and blackmail, but these standards don’t exist for PM. Presumably because no one ever envisioned someone like Boris becoming PM
This is the same person that once called his 250K salary from a second job chicken feed.
Contrary to popular belief, Boris Johnson is not from that wealthy a background. He puts on a good act but he is not on the level of his school and university peers.
Let’s not forget that cost of living and private school was wayyyy cheaper back in the day, adjusted for inflation, than it is today. He has had jobs earning several hundred thousand here and there but this income is nothing compared to the vast family wealth and connections of his school and university peers such as Osborn and Cameron.
Boris also makes a point to only marry wealthy and well connected women who I suspect heavily subsidise his lifestyle. His 1st wife was a media heiress, his 2nd wife was the daughter of a well known and successful individual at the BBC and his current wife is another media heiress.
Boris’ actual income has never matched his aspirations. In today’s high cost of living and with 10 children all to be educated privately, he would be very short of cash indeed. 1 year boarding school is 40k – 50k today. Back in the 90s, adjusted for inflation, it was only 10k per year. 10 kids in school for 7 years each, he needs to find 2.8 million overall just to educate his kids at secondary level. This doesn’t even include his personal iving costs, university costs, etc etc.
Well he needs to fund his cocaine habbit somehow.. give the man a break!
He’s a serial adulterer with at least 6 children.
Aside from the fact that child maintenance payments are expensive, the hush money needed to pay former lovers / mothers of the children we dont know about is a lot too
You don’t get super injunctions to stop the press talking about your relationship with a young Russian violinist if there’s nothing to keep hidden
[deleted]
Ignoring why he would need this for a moment and shifting the question to, why would someone be reaching out to another person to ask if he could be put forward to be the guarantor for this sort of money?
Extending some questions from that, how has the outsider come to know that he requires this level of funding? Who else knew he needed this level of funding?
If it was widely known at this level of wealth that the PM of the UK required this level of funding, what terms or repayment were passed around with the knowledge of requiring funding? You don’t lend money for nothing.
The person who offered to be his guarantor of this credit facility was in the millionaire bracket, suggestions of around 40million net worth, 800k is a significant amount of money around 2% of his net worth. Now 2% does not sound like much but would reach out to someone to lend 2% of your net worth to a stranger, OK distant relative, for nothing in return?
This is the only credit facility we know about what other ones have existed?
If it’s known widely enough that he requires money for people to reach out to 3rd parties to provide this what other lines of credit has he acquired, and what did he provide in return?
This is looking like the tip of the iceberg.
He may not. It’s just the mindset, never enough. People might look at the huge gap in wealth inequality and think there is going to be some point when the wealthy say ok we are well provided for, have more than we can possibly spend in one lifetime. Let’s stop pushing for lower taxes, deregulation, low wages for workers and less government spending on services and benefits.
No. They never will.
Not saying this is the case, but historically this is how the rich were remunerated in a way that avoids tax.
You generally don’t pay income tax on a loan.
The question is whether the loan has to ever be paid back.
Something for HMRC to look into.
UK PM is not well paid compared to other top jobs in public service, example CEO’s of housing association quangos and CEO of bankrupt Thurrock council – for example. However the potential for earning after office is very high via lectures/books etc. Therefore it is unsurprising that he may have sought to increase his lifestyle whilst in office, perhaps.
I realise people hate him and wanted him to be on £20K a year, but they seem to forget the multitude of executives performing pitifully in other public sector roles, on silly salaries.
Here we go with the bitter attacks against Boris.
Keep going Boris hunny. They jealous
To pay for an undisclosed number of children’s maintenance and probably some money from divorce settlements.
Its not the fact that he needs a loan. Its the fact that his finances are so bad he can’t get the loan without a personal guarantor. That doesn’t happen to people who have well managed finances. That happens to people who are spaffing money up the wall. His PM’s salary would have met the threshold for repayment in a normal setting so why can’t he meet that threshold personally?
Its not surprising really, that he didn’t think Zahawi (the thief of baghdad), being chancellor even though he was being investigated for tax evasion at the time was a big deal
Just needs to budget properly, as they are fond of telling the plebs.