"Cherie Blair yesterday took her £150,000 lecture tour to Palm Beach, home to the greatest concentration of billionaires in the world.
The tour is a major part of the Blair campaign to pay off mortgages amounting to almost £4 million, with monthly payments of at least £16,000.
The Blairs have a £3,467,000 mortgage on their London town house and mortgages of about £472,500 on two flats in Bristol and their constituency home in County Durham.
Yesterday's talk, lasting 40 minutes with 20 minutes of questions, earned Mrs Blair £30,000 - two months' mortgage payments."
If they have total mortgages of over £3.9 million, the interest payments alone must amount to at least £234,000 per year (assuming a 6% interest rate), which comfortably exceeds Mr Blair's salary and which equates to a monthly payment of over £19,000, even before capital re-payments are taken into account. It's an awful lot of dosh. Rather them than me...
And should someone that gets into this kind of financial mess be running the country?
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