THE TELEGRAPH: Samantha Cameron's job as creative director of Smythson of Bond Street was thought to have earned her three times more than the Prime Minister.
But, with her husband in No 10, Samantha Cameron has decided the time is right to take a drastic pay cut. She announced yesterday that she is cutting back her hours to balance work with her “new life”.
Mrs Cameron will work only two days a week as a consultant to Smythson, which she has been credited with transforming from a relatively staid stationer into a “must-have” brand.
The decision will mean an inevitable cut in a salary reported to be have been in the region of £400,000, compared with the £142,500 a year her husband will earn as Prime Minister.
Mrs Cameron, already a mother of two, is expecting a baby in September. She said she had made the decision to give up her directorship after learning she was pregnant earlier this year and not once her husband headed the Government.
In a statement, she also said that reducing her workload would allow her to balance her job with her “new day-to-day life”.
“This is a personal decision made when I discovered I was pregnant and one that I have been considering for some time during what has been an understandably difficult year,” she said.
“As a creative consultant working two days a week, I will be involved in all the same areas as before, however I will not be directly responsible for them.
“I look forward to my changed role and balancing it with my new day-to-day life as well as being able to spend more time with my children.” >>> James Kirkup, Political Correspondent | Friday, May 14, 2010
