David Cameron resigns, ponders future

Former British prime minister David Cameron has quit his role as an MP and will leave parliament, but aides say he hasn't made any firm career decisions.

cameron

Britain's Prime Minister David Cameron leaves 10 Downing Street, in London to face prime minister's questions for the last time. Source: AAP

David Cameron has so far made "no firm decisions" about his future career after leaving Westminster, aides say.

Sources close to the former prime minister - who quit as MP for Witney on Monday - said he had not signed any contracts or made any agreements about future jobs.

But speculation is buzzing that, after leaving the Commons aged just 49, Mr Cameron will take the opportunity to capitalise on lucrative opportunities now likely to be available in business, speech-making and authorship.

Most tantalising to Westminster-watchers is the prospect of a memoir giving Mr Cameron's version of life within the Tory-Lib Dem coalition and inside the unsuccessful campaign to keep Britain in the EU.

But after a shorter and less controversial premiership than his predecessor Tony Blair, Mr Cameron may struggle to match the PS4.6 million ($A8.1 million) advance reportedly given to the Labour PM - money which was anyway donated to the Royal British Legion.

More profitable routes to pursue may include consultancies, directorships or advisory roles with major firms which are ready to pay generously for the experience, contacts and gravitas offered by senior former politicians.

And Mr Cameron could doubtless command high fees for appearances on the lucrative after-dinner speech circuit.

However, with his wife Samantha's family background providing substantial independent wealth, Mr Cameron may judge it preferable to steer clear of the reputational risks involved in the kind of money-making ventures that have characterised Mr Blair's post-Downing Street career.

There was some speculation that he might instead opt for high-profile charitable roles.

Announcing his decision to quit the Commons, Mr Cameron said only that he hoped to "still contribute in terms of public service and to the country".


Share

2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world