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Blair takes advisory position at JPMorgan

Speaking to the Financial Times, Mr Blair said that he expected to agree to “a small handful” of similar appointments with other companies in different sectors.

“I have always been interested in commerce and the impact of globalisation. Nowadays, the intersection between politics and the economy in different parts of the world, including the emerging markets, is very strong.”

In the longer term, he is being promoted as a candidate to be the first full-time president of the European Union by Nicolas Sarkozy, the French president. “I have learnt not to speculate about those sorts of things,” Mr Blair said.

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