MP Salaries and Expenses: Breakdown of Financial Compensation
Basic Annual Salary
Effective April 1, 2024, the basic annual salary for a Member of Parliament (MP) in the United Kingdom will be £91,346. This salary is intended to compensate MPs for their time, effort, and responsibilities.
Expenses Coverage
In addition to their basic salary, MPs also receive expenses to cover the costs of running their parliamentary duties. These expenses include:
* Office rent and utilities * Staff salaries * Travel expenses * Accommodation expenses for those who live outside LondonSpeaker's Salary and Independence
To ensure the independence of the Speaker of the House of Commons, their salary is charged upon the Consolidated Fund, rather than being paid out of the Parliamentary budget. This arrangement is intended to prevent external influences from affecting the Speaker's decision-making.
Former Speaker's Pension
Former Commons Speaker John Bercow reportedly receives a final salary pension worth over £35,000 per year. This pension is based on the salary he earned as Speaker during his time in office.
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