Gerard Lyon will work fewer than thirty hours a week for Boris Johnson, but he'll be paid almost 130 thousand pounds a year.
He's the Mayor's new 'Chief Economic Advisor'.
But his boss' decision to give him a six figure salary has been condemned as 'truly staggering' tonight.
Labour claims Mr Johnson is 'out of touch' with ordinary Londoners, but the Mayor has justified his latest signing, as our Political Correspondent Simon Harris reports.
Boris Johnson defended the appointment of his new adviser saying London has a larger economy than some European nations. @londontonight
Boris Johnson has appointed a Chief Economic Adviser on £127k to work less than 30 hours a week. @londontonight
The plum job goes to Gerard Lyons, former Chief Economist at Standard Chartered. @londontonight
The Mayor already has a Deputy Mayor for Business and Enterprise in Kit Malthouse. @londontonight
Labour describes the appointment as "truly staggering".