With the Treasury taking an axe to pensions today, the archaic “Great Offices of State pension” is for the chop. This throwback sees the Prime Minister, the Lord Chancellor and the Speaker receive half of their salary for life immediately after leaving said post. This is on top of their MPs pension and are eligible for the extra even if they have only served for one day. It’s going thankfully, but those already in place will qualify.
Cameron, Ken Clarke and Chris Grayling have all said they will not be drawing the money. Gordon Brown is, unsurprisingly. Pressure has been growing over the last few days for Bercow to make a similar pledge. Sensing negativity, the Speaker’s Office released a statement today – he won’t be taking his £39,000 per annum on top of his MPs’ pension until he’s 65. Which is nice of him. Thanks John.