A visibly insufficient minister’s salary. British MP George Freeman announced that he resigned as Minister of State for Business, Energy and Industrial Strategy last November because his salary did not allow him to repay his mortgage.
“Why did I quit? Because my mortgage goes up this month from £800 to £2,000 (around £930 to £2,340), which I simply couldn’t afford to pay on a ministerial salary,” he said. he specified the 56-year-old deputy in comments transcribed by the Guardian.
“It’s political economy 2.0,” he added. “We risk making politics an activity that only hedge fund donors, young image specialists and failed trade unionists can afford to do. »
During his resignation, on the occasion of the November 2023 reshuffle, he declared that it was time for him “to concentrate on (his) health, (his) family well-being and (his) life at home. beyond the foreground functions”. On his blog, the Conservative MP for Mid Norfolk said he was “exhausted” and “depressed” after holding five ministerial posts under four successive prime ministers, says the Mirror. He also mentions a “painful divorce” which affected his financial situation.
Now free to accept other jobs
MP since 2010, George Freeman received an annual salary of 118,300 pounds gross (more than 138,000 euros), or 9,850 pounds gross per month (around 11,500 euros). Having held various ministerial positions within recent conservative governments, he often received compensation when he left these positions, notably 7,920 pounds (around 8,500 euros) when he left Boris Johnson’s government in July 2022, specifies the Guardian.
Indeed, British ministers under the age of 65 are entitled to compensation for loss of office equivalent to a quarter of their ministerial salary when they leave office if they are not appointed to another ministerial post within three weeks.
Now, in addition to his annual MP salary of £86,584 (around €100,000), George Freeman can take on other lucrative jobs, something he was not allowed to do as a minister.
2024-02-01 16:06:34
#British #minister #resigns #annual #salary #euros #pay #house
