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.
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New research shows almost half of Londoners currently own or have plans to own their own company.
David Cameron said the Met proved it can "do more with less" and declined to criticise the Mayor of London for his water cannon spend.
A group of disabled activists threw toys and balls at him as he entered the conference.