Tony Blair has taken a lucrative job with a U.S. bank which is profiting from the Iraq war.
JPMorgan is expected to pay him £1million a year as a part-time adviser.
It is the first of a series of posts that could see the former prime minister rake in a staggering £40million.
The move brought fierce criticism last night. Reg Keys, whose soldier son Tom was killed in Iraq in 2003, said it was "almost akin to taking blood money".
He added: "If he had a conscience or any sensitivity, he would not have taken this job".
Tory defence spokesman Gerald Howarth said: "It will be viewed with some contempt by the armed forces that he picks up this large cheque when he was happy to send British troops into battle ill-equipped and in insufficient numbers."
JPMorgan is heading a consortium set to make billions as Iraq's economy recovers from the war spearheaded by Mr Blair and U.S. President George Bush.
It was chosen to run the new Trade Bank of Iraq, which has raised billions in trade guarantees by mortgaging future oil production and will make huge profits from the deals.more
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