Top trade official paid £455,000 then quit before Brexit talks started

PUBLISHED: 14:56 23 July 2018 | UPDATED: 14:56 23 July 2018

Catherine Raines with business manager Keith Austin and former trade minister Lord Price

$image.copyright

A leading government trade official was paid almost half a million pounds then quit before a single post-Brexit negotiation, it emerged today.

Catherine Raines was paid a £62,800 “golden goodbye” when she resigned as director of International Trade and Investment in February, The Sun newspaper reported.

She also received a £40,000 performance-related bonus on top of earnings of between £150,000 and £155,000 — more than the prime minister is paid.

With the taxpayer also paying £39,000 into Ms Raines’ pension pot this year and £64,000 last year, the total paid to her for working less than two years at the department was up to £455,000.

Liam Fox's Department for International Trade must wait until the UK leaves the EU next March to open negotiations with non-EU countries. Disgraced former defence secretary Dr Fox only launched the first consultations last week.

Eloise Todd, CEO of the campaign group Best for Britain, which is calling for a second referendum, said: "It seems the only Brexit dividend that is being dolled out is for civil servants who are making lots of cash on the back of this disaster.

"It really takes the Mickey that these people are getting thousands in cash. It seems that these people are only good at negotiating their own leaving packages, not trade deals.

"This government has a policy of rewarding failure."

A Department for International Trade spokesman said: “Catherine’s salary and bonus reflected her 25 years’ experience in leadership roles, and were in line with requirements for senior pay.”

The only other senior official to get a bonus was John Alty, director general of trade policy, who received between £15,000-£20,000.

You've seen the news, now discover the story

The New European is committed to providing in-depth analysis of the Brexit process, its implications and progress as well as celebrating European life.

Try 13 weeks for £13

Support The New European's vital role as a voice for the 48%

The New European is proud of its journalism and we hope you are proud of it too. We believe our voice is important - both in representing the pro-EU perspective and also to help rebalance the right wing extremes of much of the UK national press. If you value what we are doing, you can help us by making a contribution to the cost of our journalism.

  • Become a friend of The New European for a contribution of £48. You will qualify for a mention in our newspaper (should you wish)
  • Become a partner of The New European for a contribution of £240. You will qualify for a mention in our newspaper (should you wish) and receive a New European Branded Pen and Notebook
  • Become a patron of The New European for a contribution of £480. You will qualify for a mention in our newspaper (should you wish) and receive a New European Branded Pen and Notebook and an A3 print of The New European front cover of your choice, signed by Editor Matt Kelly

By proceeding, you agree to the New Europeans supporters club Terms & Conditions which can be found here.



Supporter Options

Mention Me in The New European



If Yes, Name to appear in The New European



Latest Articles

ANTI-BREXIT EVENTS

Grassroots anti-Brexit campaigners are increasing the pressure on politicians ahead of a series of important votes this year. Here is a list of the events organised across Britain in the coming weeks and months.

Trending

Newsletter Sign Up

The New European weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy