Altermedia UK
Altermedia UK: In a time of universal deceit, telling the truth is a revolutionary act. (George Orwell)
UltraViolent Street Wear, t shirts and clothing with a street tough attitude

Ex-minister pay-offs ‘grotesque’

June 29th, 2005 · Post your comment (No Comments)

Email This Post Print This Post

It is “grotesque” that outgoing ministers can take severance pay even if they return to government months later, says a Lib Dem frontbencher.
Norman Baker says the payments are an abuse of taxpayers’ money and ex-ministers given new jobs should at least have to repay the cash.

Cabinet ministers are entitled to one quarter of their £74,902 salaries when they leave office.

The system began in 1991 and is to prevent sudden drops in income.

All severance payments below £30,000 are tax-free.

Read More Here

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...
Share/Save/Bookmark



Tags: General