{"id":183551,"date":"2023-11-13T17:58:59","date_gmt":"2023-11-13T17:58:59","guid":{"rendered":"https:\/\/precoinnews.com\/?p=183551"},"modified":"2023-11-13T17:58:59","modified_gmt":"2023-11-13T17:58:59","slug":"david-cameron-to-suffer-massive-pay-cut-as-he-agrees-to-sacrifice-lords-expenses","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/david-cameron-to-suffer-massive-pay-cut-as-he-agrees-to-sacrifice-lords-expenses\/","title":{"rendered":"David Cameron to suffer massive pay cut as he agrees to sacrifice Lords expenses"},"content":{"rendered":"

Speaker questions how MPs will hold David Cameron to account<\/h3>\n

David Cameron is set to suffer a massive pay cut after sensationally returning to frontline politics as Rishi Sunak\u2019s new Foreign Secretary.<\/p>\n

At this afternoon\u2019s press briefing, the Prime Minister\u2019s spokesman confirmed that David Cameron will be paid the standard Lords salary for a Secretary of State of \u00a3104,360.<\/p>\n

They also specified he won\u2019t claim the House of Lords\u2019 cushty \u00a3315-a-day expenses allowance.<\/p>\n

However Parliamentary rules state that a member of the Lords serving as a minister is not entitled to this allowance at all.<\/p>\n

Questions had been raised about whether Mr Cameron would continue to claim the allowance granted to all former Prime Ministers to run their office.<\/p>\n

READ MORE: <\/strong> ‘Remainer plant’: David Cameron’s return slammed as ultimate Brexit betrayal<\/strong><\/p>\n

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The allowance runs to \u00a3115,000 a year.<\/p>\n

Records show that David Cameron has almost maxed out this allowance every year since at least 2019.<\/p>\n

Research by the Institute for Government revealed the Prime Minister claimed \u00a3111,457 in 2019, falling to \u00a3108,312 in 2022\/23.<\/p>\n

While Mr Cameron\u2019s new taxpayer-funded salary of \u00a3104,360 is over three times higher than the average UK pay packet, it represents a massive pay cut for the former Prime Minister.<\/p>\n

In his seven years away from frontline politics, Mr Cameron took up a number of highly-paid jobs, not least as an advisor to the now-collapsed finance firm Greensill Capital.<\/p>\n

Mr Cameron\u2019s role with the firm backfired when an inquiry concluded he had shown a \u201csignificant lack of judgement\u201d in lobbying for the company.<\/p>\n

Don’t miss… <\/strong>
All of David Cameron’s foreign policy blunders in full[LATEST] <\/strong>
David Cameron is appointed new Foreign Secretary[LATEST] <\/strong>
All the changes as Cleverly replaces sacked Braverman and Cameron returns[LIVE] <\/strong><\/p>\n

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