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Tony Blair sets up a financial services operation

Former Prime Minister Tony Blair is today back in the headlines with confirmation that he has set-up a Mayfair-based company which is authorised by the Financial Services Authority to "arrange deals in investments". While associates of Tony Blair have denied that there are plans to open up a UK banking operation, it was confirmed that various former associates and investment highfliers have been approached about joining the venture.

It is estimated, conservatively in the minds of many, that Tony Blair has earned more than £20 million since he left front-line politics three years ago. The creation of this particular financial services company is set to reignite major concerns about the way in which former highflying politicians are able to use contacts built up during their time in office to "feather their own nests" in later years.

This comes only days after Tony Blair announced he was donating the proceeds from his forthcoming book to Armed Forces charities, something which could result in total payments of up to £5 million. However, there is no doubt that Tony Blair has been the most financially successful former Prime Minister in living history and he continues to expand his business operations and his personal wealth.

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