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Latest NewsPay & benefits

David Cameron plans to cut MP salaries by up to 25% if Tories elected

by Personnel Today 14 Aug 2009
by Personnel Today 14 Aug 2009

Conservative leader David Cameron has revealed plans to cut ministers’ pay if the Tories are elected to power, according to the Guardian.

One senior Tory source said a pay cut as high as 25% was being discussed, which could cost figures such as William Hague and George Osborne nearly £20,000 a year.

If Cameron goes ahead with the 25% plan, he would face a personal loss of £33,000 to £164,549. Junior ministers would be £7,000 worse off, while senior figures would miss out on £19,938.50.

Cabinet ministers currently receive £79,754 in ministerial entitlement on top of their MP’s salary of £64,766 – a total of £144,520. If salaries were cut by a quarter, Cabinet members would be paid £124,581.50.

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