Blair’s son sets tongues wagging with 500,000 pounds flat

June 17th, 2008 - 7:25 am ICT by IANS  

London, June 16 (IANS) When Aditya Mittal wanted to shell out 200 million pounds for a London house, no eyebrows were raised. After all he is the son of Britain’s richest man. But Euan Blair, former British prime minister Tony Blair’s eldest son, has no such luck. Euan is in today’s newspapers for wanting to buy a two-bedroom flat in Islington, North London, for 550,000 pounds even though he is yet to complete his first month in employment.

According to The Independent, the 24-year-old is only about to start his graduate traineeship with Morgan Stanley.

The daily says at 550,000 pounds, and taking into account mortgage lenders’ current caution, it is unlikely that Euan, who is probably paid about 30,000 pounds at Morgan Stanley, would have been able to afford the property on his own.

Tony Blair’s spokesperson Mathew Doyle denied the Blairs had bought the property for their son. However, he did not deny when asked if the flat had been bought by Euan.

London newspapers confirmed Euan being seen coming and going from the flat.

The Mail on Sunday even spoke to a solicitor for a law firm Russell, Jones and Walker, who confirmed that she was acting for Euan on the matter, but was unable to comment further. Callers to estate agency Foxtons handling the property have been told the asking price has been met.

The former prime minister has earned a lot through memoir writing and speaking arrangements since he quit office.

The Blairs have also been in the news off and on for their property portfolio. It includes the constituency home in Trimdon Colliery, two Bristol flats, the 3.65 million pounds Connaught Square townhouse in central London and the adjoining 800,000 pounds mews up-down; and the 5 million pounds Buckinghamshire country home formerly inhabited by actor John Gielgud.

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