Parliamentary watchdog the Independent Parliamentary Standards Authority (IPSA) doubled the taxpayer cash losing MPs would receive last year. Golden goodbyes shot up as losing MPs are now paid for four months after departing the Commons, as opposed to two. IPSA claimed this was to ensure the payouts were “fair and provide the appropriate support to MPs and their offices when leaving Parliament”. That’s something in the region of £21,180 per MP…
MPs already have redundancy packages at twice the amount enjoyed by regular workers. Seeing as 175 incumbent Tory MPs got the boot in July, the taxpayer is in the process of forking out £3,706,500 in golden goodbyes. Cheers, Rishi…
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”