Members of the House of Lords will see their daily pay increase in April . They are paid an ‘allowance’ for expenses rather than a salary as an employee, they don’t have to pay tax or national insurance on it.
It means if they attend 150 sitting days of the year, they could pocket nearly £50,000 tax free, which will leave many people in the country dumbfounded, as they struggle to balance their household incomes.
Peers voted to link their allowances to MPs pay and MPs are set to get a boost of £2,000 in April, taking their salaries to nearly £82,000.
John Bercow
Former Commons Speaker John Bercow has claimed there is a “conspiracy” to stop him getting a seat in the House of Lords.
Mr Bercow said it was “blindingly obvious” that there was an organised campaign to stop him receiving a peerage.
Labour has nominated the former Tory MP for a peerage after his party declined to do so, breaking with the convention that Speakers are elevated to the Commons once they retire.
A number of prominent Brexiteers have accused Mr Bercow of conducting a pro-Remain agenda when he was Speaker.
Pressed on whether his chances of a peerage had disappeared, Mr Bercow told the BBC: “I didn’t say that. You asked me whether there was a concerted campaign, whether there was a conspiracy, whether there was an organised effort and I said it is blindingly obvious that that is so.”
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .
